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Newmark shoots for $615M IPO

Newmark Knight Frank plans to raise $615 million through its initial public offering, according to an amendment filed to the company’s preliminary prospectus Monday. The commercial brokerage will issue 30 million shares of Class A common stock at a price estimated to range between $19 and $22 per share, according to the New York Business Journal. The midway point of those figures would work out to $615 million. Goldman Sachs, Bank of America Merrill Lynch, […]

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