NMRK News

Two companies came public this week as 2017 comes to a close, although both faced pushback on pricing and were forced to revise terms down. Commercial real estate brokerage and advisory firm Newmark Group raised $280 million (54% less than originally planned) and came to market at a discounted valuation relative to its closest peers. ...read more

Newmark Group, a commercial real estate brokerage and advisory firm carved out of BGC Partners, raised $280 million by offering 20 million shares at $14, the low end of the revised range of $14 to $15. The company had originally planned to sell 30 million shares at $19 to $22 before slashing terms on Thursday. Newmark Group plans to list on the Nasdaq under the symbol NMRK....read more

Newmark Group, a commercial real estate brokerage and advisory firm carved out of BGC Partners, lowered the proposed deal size for its upcoming IPO on Thursday. The New York, NY-based company now plans to raise $290 million (-53% than previously anticipated) by offering 20 million shares at a price range of $14 to $15. The company had previously filed to offer 30 million shares...read more

Three IPOs are expected in the final major week of 2017. The week will be led by broadband cable vendor Casa Systems and commercial real estate brokerage and advisory firm Newmark Group.  Street research is expected for nine companies in the upcoming week, including e-mail marketing platform...read more