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Walker & Dunlop prices IPO at $10, below the range

December 14, 2010
WD

A leading originator and servicer of commercial real estate loans for Fannie, Freddie and HUD, Walker & Dunlop raised $100 million on Tuesday by selling 10 million shares at $10, 33% below the midpoint of its original $14-$16 range. Walker & Dunlop plans to list on the NYSE under the symbol WD. Credit Suisse, Keefe Bruyette Woods, and Morgan Stanley acted as lead managers on the deal.