Dec 05th, 2017.:
New York - BGC Partners has announced
today that Newmark Group, Inc., a wholly owned subsidiary of BGC
that will hold BGC's Real Estate Services business, has launched
a roadshow for the initial public offering (IPO) of its Class A
common stock. Newmark has applied to list its Class A common stock on the
NASDAQ Global Market under the symbol "NMRK." The IPO price is
currently expected to be between $19.00 and $22.00 per share. Newmark is offering 30 million shares of its Class A common stock
in the IPO.