- Cushman & Wakefield filed to go public on Wednesday.
- The company employs about 48,000 people worldwide and earned $6.92 billion in revenue last year.
- It’s counting on the continued growth of commercial real estate around the world. And more participation from institutional investors in the property market.
The filing, published on Wednesday, shows that Cushman & Wakefield is betting on the continued growth of commercial real estate around the world and greater participation from institutional investors in the property market.
Cushman & Wakefield employs about 48,000 people worldwide and operates in 70 countries. Its revenue has grown every year since 2015 and totaled $6.92 billion in 2017. It has also operated at a loss, totaling $220.5 million last year.
DTZ Jersey Holdings, a European brokerage backed by the private-equity giant TPG Funds, bought Cushman & Wakefield for $2 billion in 2015. It has made other acquisitions to become one of the largest commercial-real-estate firms in the world.
The filing notes that key risks to the company’s business include tighter lending conditions, which would make it harder to invest in commercial properties, and difficulty in paying down debt.
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