PAG-backed Cushman & Wakefield files for IPO, said to seek $5b valuation

PAG-backed Cushman & Wakefield files for IPO, said to seek $5b valuation

Pedestrians walk past the New York Stock Exchange (NYSE) in New York, U.S. Photographer: Michael Nagle/Bloomberg

Real estate brokerage firm Cushman & Wakefield, which filed for an IPO this week, could seek to raise as much as $1 billion at a valuation of over $5 billion, the Wall Street Journal reported.

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