Marcus & Millichap Real Estate Investment Services, one of the busiest brokerages in the Midwest, might soon become a public company.
The firm has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of common stock. This move comes as Marcus & Millichap continues its expansion efforts across the United States.
Based in Calabasas, Calif., Marcus & Millichap says that it wants to raise as much as $103.5 million in its initial public offering.
According to the company’s filing with the SEC, Marcus & Millichap closed more than 6,100 sales in 2012 and financed transactions with a total volume of about $22 billion.
The company also states that it boasts more than 1,100 investment sales and financing professionals in 73 offices.
Marcus & Millichap filed with the SEC yesterday. The company has not yet finalized the number of shares it will offer or the price range for them.
