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Latest Sign Points to Imminent IPO, Spin Off for Newmark Knight Frank

(COSTAR) - 1 years, 1 months ago
 One of two equity analysts covering BGC Partners, Inc. (NASDAQ: BGCP) has suspended research coverage of the firm ahead of the expected IPO and spin-off of its real estate services subsidiary, Newmark Knight Frank (NKF), as a separately traded public company. The undisclosed financial institution suspended coverage on Oct. 13, according to an SEC filing this week by BGC, which reported the move to be "consistent with such financial institution......
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