1290 Avenue of the Americas, where Cushman & Wakefield's New York offices are located/Google mapsNEW YORK CITY–Cushman & Wakefield plans to sell 45 million shares in its initial public offering at $16 to $18 each, generating as much as $810 million in proceeds, according to a regulatory filing. At the midpoint the firm would make $719.3 million, after costs. Furthermore the underwriters have the option of to purchase up to 6.75 million shares and if fully exercised, the proceeds could reach $931.5 million.
Private-equity firm TPG, which owns C&W along with PAG Asia Capital and Ontario Teachers' Pension Plan, acquired the company in 2014 for $3.5 billion. About half of the proceeds from the IPO are expected to pay down its $3 billion in debt.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
