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Marcus & Millichap prices IPO at $12.00, below the range
By: Renaissance Capital
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.