BGC’s Lutnick Targets Fourth Quarter for Spin-Off of Newly Rebranded Newmark Knight Frank as Separate Publicly Traded Company

Howard Lutnick, chairman and chief executive of Newmark Knight Frank parent company BGC Partners, Inc., (Nasdaq: BGCP), this week said he expects the planned spin-off of Newmark as a separate publicly traded company to occur in the fourth quarter. “We would like to do the initial public offering of Newmark in this calendar year,” Lutnick said this afternoon during a presentation at the Sandler O’Neill + Partners Global Exchange & Brokerage Conference…
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