NEW YORK, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Newmark Group, Inc. (Nasdaq:NMRK), a full-service commercial real estate services business, rang the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6835d745-697c-46c6-b36a-e052c0192902
Newmark was founded in 1929 with an emphasis on New York-based investor and owner services such as tenant and agency leasing, developing a reputation for talented, knowledgeable and motivated brokers. Since 2011 when they were acquired by BGC Partners, Inc. (Nasdaq:BGCP), Newmark has been the fastest growing U.S.-listed commercial real estate services firm, with a compound annual growth rate revenue of 39%.
“Newmark is a rapidly growing, high-margin, full-service commercial real estate services business that offers a full suite of services and products for both owners and occupiers across the entire commercial real estate industry,” said Barry M. Gosin, CEO of Newmark. “We are pleased to join the Nasdaq and are grateful for the investors who have joined us on this journey and share our vision. Our listing is a key step in Newmark’s long-term growth strategy.”
“Newmark offers a diverse array of innovative real estate technology solutions designed to meet the full needs of both real estate investors/owners and occupiers,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “They have experienced rapid growth over the years, and we are thrilled to watch them continue to expand into new markets as a Nasdaq-listed company.”
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