Credit: Shutterstock photoNewmark 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. Goldman Sachs, BofA Merrill Lynch, Citi, Cantor Fitzgerald, PNC Capital Markets, Mizuho Securities, Capital One Securities and Keefe Bruyette Woods acted as lead managers on the deal.
The article Newmark Group prices IPO at $14, the low end of the revised range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
