Newmark Prices IPO at $14, Bottom of Range

12/15/17

By Jason Aycock, SeekingAlpha

Real estate service firm Newmark Group (Pending:NMRK) has priced its initial public offering at $14/share, IPO Boutique says; the bottom of a range that was substantially lowered from before.

The company was expected to price between $14-$15/share, after lowering its marketed range from $19-$22/share.

With a reduced 20M shares on offer, the raise is $280M.

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