Deals
Real Estate Giant Cushman & Wakefield Climbs After IPO
- Shares rise as much as 7 percent after $765 million listing
- Commercial firm is backed by TPG and PAG Asia Capital
Photographer: Michael Nagle/Bloomberg
This article is for subscribers only.
Commercial real estate firm Cushman & Wakefield Plc rose as much as 7 percent in its trading debut after raising $765 million in its initial public offering.
The firm sold 45 million shares for $17 each after offering them for $16 to $18 apiece, according to data compiled by Bloomberg. The shares were up 3.2 percent to $17.55 at 11:16 a.m. Thursday in New York.