Summary
- Cushman & Wakefield has filed proposed terms for a U.S. IPO.
- The company provides a broad range of commercial real estate brokerage, management and advisory services worldwide.
- CWK is growing from recent major acquisitions and the IPO appears undervalued by some metrics.
- This idea was discussed in more depth with members of my private investing community, IPO Edge.
Quick Take
Cushman & Wakefield plc (CWK) intends to raise $765 million from the sale of its common stock in a U.S. IPO, according to an amended S-1/A registration statement.
The company provides commercial brokerage and related advisory services globally.
CWK is growing revenue as a result of its recent major acquisitions and the IPO appears reasonably valued based on revenue metrics compared to public competitors.
