Marcus & Millichap, Inc. Announces Closing of Initial Public Offering and
Full Exercise of Option to Purchase Additional Shares by Underwriters
CALABASAS, Calif. -- November 5, 2013
Marcus & Millichap, Inc. (NYSE: MMI) (the “Company”) announced today the
closing of its previously announced initial public offering. A total of
6,900,000 shares were sold, composed of 2,726,587 shares sold by selling
stockholders and 4,173,413 shares sold by the Company, including 900,000
shares sold pursuant to the underwriters’ full exercise of their option to
purchase additional shares, in each case at a public offering price of $12.00
per share. As a result, Marcus & Millichap, Inc. has received aggregate net
proceeds, after deducting underwriting discounts and estimated offering
expenses, of approximately $42.7 million.
Citigroup and Goldman, Sachs & Co. acted as joint book runners for the
offering. JMP Securities and William Blair acted as lead managers.
A registration statement related to these securities has been declared
effective by the Securities and Exchange Commission. The offering of these
securities is being made solely by means of a prospectus. A copy of the final
prospectus for the offering may be obtained from: Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by
email at firstname.lastname@example.org, or by calling toll-free at
1-800-831-9146; Goldman, Sachs & Co., Prospectus Department, 200 West Street,
New York, NY 10282, by emailing email@example.com, or by calling
toll-free at 1-866-471-2526.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor may there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.
With more than 1,100 investment and financing professionals in offices
nationwide, Marcus & Millichap is one of the largest firms specializing in
commercial real estate investment services in the nation. Marcus & Millichap
closed 6,149 transactions in 2012, with value of approximately $22 billion.
Investor Relations Contact:
Lasse Glassen, 424-238-6249
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