Following the announcement of Hilton filing for a $1.25 billion IPO, another big hotel real estate player also has plans to go public.
According to this article from the Wall Street Journal, Marcus & Millichap filed plans for an initial public offering of $103.5 million. The company told the paper that it intends to use the proceeds of the offering for general corporate purposes, including for potential acquisitions of real estate companies.
Goldman Sachs & Co. and Citigroup will serve as joint book runners for the IPO, and the company has applied to list its shares on the New York Stock Exchange under the ticker symbol “MMI.”
More over on the Wall Street Journal.