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Newmark Group Begins Trading on Nasdaq

Newmark Group, Inc. is now trading on Nasdaq. Company executives visited the Nasdaq MarketSite in Times Square in celebration of its initial public offering (IPO), where to honor the occasion, Chairman Howard W. Lutnick, and CEO Barry M. Gosin, rang the opening bell Friday morning. (Connect Media produced a video that played during the ringing event for Newmark Group.)

Leading up to the launch of trading, BGC Partners, Inc. updated the terms of the IPO of its Class A common stock for Newmark Group. The IPO price is now currently expected to be between $14.00 and $15.00 per share.

Newmark Group has been approved to list its Class A common stock on the Nasdaq Global Select Market under the symbol “NMRK.” Newmark Group is offering 20 million shares of its Class A common stock in the IPO. The underwriters will also have a 30-day option to purchase up to three million additional Class A shares.

Goldman Sachs & Co. LLC, BofA Merrill Lynch, and Citigroup are acting as joint book-running managers for the offering. Cantor Fitzgerald & Co. is acting as a book-runner for the offering.


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Inside The Story

Read more at NKFConnect With NKF’s Howard W. Lutnick

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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