Cushman & Wakefield plcPrices 45M Share IPO at $17/Sh

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Cushman & Wakefield Announces Pricing of its Initial Public Offering of Ordinary Shares

August 1, 2018 8:13 PM EDT

CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield plc (Cushman & Wakefield) today announced the pricing of its initial public offering of 45,000,000 of its ordinary shares, at a price to the public of $17.00 per share. The shares will be listed on the New York Stock Exchange and will trade under the symbol CWK beginning August 2, 2018. In addition, Cushman & Wakefield has granted the underwriters a 30-day option to purchase up to an additional 6,750,000 ordinary shares at the public offering price less underwriting discounts and commissions.

Cushman & Wakefield expects to use the net proceeds from the ordinary shares offered by it to reduce outstanding indebtedness,... More