Back to main

Marcus & Millichap prices IPO at $12.00, below the range

10/31/2013 8:21:00 AM
By: Renaissance Capital
Referenced Stocks:MMI

Marcus & Millichap, a commercial real estate brokerage firm focused on private clients, raised $72 million by offering 6 million shares at $12, below the range of $14 to $16. Marcus & Millichap plans to list on the NYSE under the symbol MMI. Citi and Goldman Sachs acted as lead managers on the deal.