Walker & Dunlop IPO Debuts in Soft Pricing (WD)
Walker & Dunlop, Inc. (NYSE: WD), a provider of commercial real estate financial services focused on multifamily lending, has announced the pricing of its initial public offering. The offering is 10 million shares of common stock at a price of…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
This appears to be a price well below its indicated range. When we looked at the price range expected, that was originally the 10 million shares but the expected price range was $14.00 to $16.00 per share.
Credit Suisse Securities, Keefe Bruyette & Woods, and Morgan Stanley are listed as the joint book-running managers; co-managers are listed as William Blair, JMP Securities, and Stifel Nicolaus. The underwriting syndicate has been granted a 30-day option to purchase up to an additional 1,500,000 shares at the initial public offering price to cover overallotments, if any.
You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.