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Report: Cushman & Wakefield looking to go public

Global commercial brokerage firm Cushman & Wakefield Inc. is planning to file for an IPO in June, The Real Deal reported, citing unidentified sources.

Brokers at Cushman were told that the IPO could take place in the third quarter; however, the size of the offering has not yet been determined, the publication noted, citing the unnamed sources.

The firm has explored a possible IPO for at least the past two years, held informal discussions with banks in 2017 and interviewed advisers in March, according to the report.

A Cushman spokesperson did not comment on the matter, the publication added.

Cushman's plans to go public follows the recently completed downsized IPO of commercial brokerage peer Newmark Group Inc.