BGC Partners, Inc. (NASDAQ:BGCP) Files An 8-K Regulation FD DisclosureItem 7.01. REGULATION FD DISCLOSURE
On December14, 2017, BGC Partners, Inc. (“BGC” or the “Company”) issued a press release announcing that Newmark Group, Inc., a wholly owned subsidiary of the Company that will hold the Company’s Real Estate Services business (“Newmark”), has updated the terms of the initial public offering (“IPO”) of its Class A common stock. A copy of the press release is attached hereto as Exhibit 99.1.
The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section18 of the Securities Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
Discussion of Forward-Looking Statements
Statements in this document and the attached press release contain forward-looking statements that are subject to substantial risks and uncertainties. Any statements contained in the attached press release that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as “may,” “will,” “should,” “estimates,” “predicts,” “potential,” “continue,” “strategy,” “believes,” “anticipates,” “plans,” “expects,” “intends” and similar expressions are intended to identify forward-looking statements. Actual results and the outcome and timing of certain events may differ significantly from the expectations discussed in the forward-looking statements. Factors that might cause or contribute to such a discrepancy include, but are not limited to: the possibility that the IPO may disrupt or have an adverse effect on BGC’s or Newmark’s businesses; the expected timetable for completing the IPO; the possibility that the IPO will not be consummated within the anticipated timetable or at all, including as the result of regulatory, market and other conditions; the potential that BGC and Newmark will not realize all or any of the expected benefits of the separation of Newmark from BGC and the IPO; and the possibility that changes in interest rates, commercial real estate values, the regulatory environment, the effects of weather events or natural disasters, pricing or other competitive pressures, and other market conditions or factors could cause the results of BGC or Newmark to differ from the forward-looking statements contained or incorporated by reference herein. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s and BGC’s filings with the U.S. Securities and Exchange Commission. Except as required by law, Newmark and BGC undertake no obligation to update any forward-looking statements.
Item 7.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
The exhibit index set forth below is incorporated by reference in response to this Item 7.01.
EXHIBIT INDEX
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BGC PARTNERS, INC. |
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Date: December14, 2017 |
By: |
/s/ Howard W. Lutnick |
Name: |
Howard W. Lutnick |
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Title: |
Chairman and Chief Executive Officer |
[BGC Partners, Inc. ExhibitEX-99.1 2 d512121dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 BGC PARTNERS UPDATES TERMS FOR NEWMARK GROUP IPO ROADSHOW NEW YORK,…To view the full exhibit click here
About BGC Partners, Inc. (NASDAQ:BGCP)
BGC Partners, Inc. (BGC) is a global brokerage company servicing the financial and real estate markets. The Company operates through two segments: Financial Services and Real Estate Services. The Company provides a range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a range of financial and non-financial institutions. Its integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, and enables them to use voice, hybrid, or in various markets, electronic brokerage services in connection with transactions executed either over-the-counter or through an exchange. Through the Company’s FENICS, BGC Trader, BGC Market Data and Capitalab brands, it offers electronic brokerage, financial technology solutions, market data, post-trade services, and analytics related to select financial instruments and markets.