The commercial real estate services company Cushman & Wakefield announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its ordinary shares.
In a statement, the New York City-headquartered company said the “number of shares to be offered and the price range for the proposed offering have not yet been determined.” However, a MarketWatch report citing unnamed “people familiar with the deal” claims that company “could seek to raise about $1 billion in the IPO and seek a valuation in excess of $5 billion.”
The private equity firm TPG acquired Cushman & Wakefield from Italy's Exor SpA in 2015 for $2 billion. Cushman & Wakefield operates approximately 400 offices in 70 countries.
The New York Federal Reserve Bank says Americans now hold more than $11 trillion in mortgage debt
As housing prices rose during the pandemic, U.S. homeowners saw their mortgage debt increase along with them, credit agency Experian reports.
Experian looked at how mortgage debt varies by state and how it's grown over time, specifically from 2017 to 2021. The analysis incl...
Alternative real estate financing company cut about 120 jobs.
Homeward, an Austin, Texas-based company offering alternative financing for real estate, laid off about 20% of its staff this week.
In a 1,330-word message titled "A Note From Our CEO" posted to the company’s website blog on Wednesday, Homeward Founder & CEO Tim Heyl s...