{"id":4634,"date":"2018-07-25T06:05:54","date_gmt":"2018-07-25T10:05:54","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4634"},"modified":"2018-07-25T06:05:54","modified_gmt":"2018-07-25T10:05:54","slug":"cushman-wakefield-ipo-preview-cwk","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/cushman-wakefield-ipo-preview-cwk\/","title":{"rendered":"Cushman & Wakefield #IPO Preview ($CWK)"},"content":{"rendered":"

\"CWK\"<\/a><\/p>\n

Company: Cushman & Wakefield plc
\nSymbol: CWK
\nDescription: They are a top three global commercial real estate services firm with an iconic brand and approximately 48,000 employees led by an experienced executive team.
\nTrade Date: 8\/2
\nShares: 45 million
\nPrice Range: $16.00-$18.00
\nUnderwriter(s): Morgan Stanley, J.P. Morgan, Goldman Sachs, UBS
\nCo-Manager(s): Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, William Blair, TPG Capital BD
\nTerms Added: 7-23-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: They operate from approximately 400 offices in 70 countries, managing approximately 3.5 billion square feet of commercial real estate space on behalf of institutional, corporate and private clients. They serve the world\u2019s real estate owners and occupiers, delivering a broad suite of services through their integrated and scalable platform. Their business is focused on meeting the increasing demands of their clients across multiple service lines including property, facilities and project management, leasing, capital markets, valuation and other services. In 2017 and 2016, they generated revenues of $6.9 billion and $6.2 billion, and fee revenues of $5.3 billion and $4.8 billion. For the three months ended March\u00a031, 2018, they generated revenue of $1.8\u00a0billion and fee revenue of $1.2\u00a0billion.<\/p>\n

Financials: \u00a0<\/strong>Their revenue was $4.19 billion, $6.22 billion, and $6.92 billion and their net loss was $410.4 million, $313.4 million, and $220.5 million in 2015, 2016, and 2017, respectively. In the first quarter of 2018, their revenue increased 21.0% to $1.77 billion and their net loss decreased 23.1% to $92.0 million, compared to the same period in the previous year.<\/p>\n

\"CWK.Financials\"<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Cushman & Wakefield plc Symbol: CWK Description: They are a top three global commercial real estate services firm with an iconic brand and approximately 48,000 employees led by an experienced executive team. Trade Date: 8\/2 Shares: 45 million Price Range: $16.00-$18.00 Underwriter(s): Morgan Stanley, J.P. Morgan, Goldman Sachs, UBS Co-Manager(s): Barclays, BofA Merrill Lynch,[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1534],"class_list":["post-4634","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-cwk"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=4634"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4634\/revisions"}],"predecessor-version":[{"id":4637,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4634\/revisions\/4637"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}