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

By: Renaissance Capital
Posted: 10/31/2013 8:21:00 AM
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.