Walker & Dunlop Announces the Pricing of Its Initial Public Offering

Dec 14, 2010, 18:16 ET from Walker & Dunlop, Inc.

BETHESDA, Md., Dec. 14, 2010 /PRNewswire-FirstCall/ -- Walker & Dunlop, Inc. (the "Company") (NYSE: WD) announced today the pricing of its initial public offering of 10,000,000 shares of common stock at $10.00 per share.  The Company is offering 6,666,667 shares of common stock and selling stockholders are offering 3,333,333 shares.  The Company's common stock is expected to begin trading on the New York Stock Exchange under the symbol "WD" on December 15, 2010. The underwriters have been granted a 30-day option to purchase up to an additional 1,500,000 shares at the initial public offering price, less the underwriting discounts and commissions, to cover overallotments, if any.

Credit Suisse Securities (USA) LLC, Keefe, Bruyette & Woods, Inc. and Morgan Stanley & Co. Incorporated are acting as joint book-running managers of the offering.  William Blair & Company, L.L.C., JMP Securities LLC and Stifel, Nicolas & Company, Incorporated are acting as co-managers. The offering will be made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained by contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, or by calling 1-800-221-1037; Keefe, Bruyette & Woods, Attention: Prospectus Department, 787 Seventh Avenue, 4th Floor, New York, New York 10019, or by calling 1-800-966-1559; or Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, New York, New York 10014, email: prospectus@morganstanley.com, or by calling 1-866-718-1649. The final prospectus, when it is available, also may be obtained on the Securities and Exchange Commission's Web site at http://www.sec.gov.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission on December 13, 2010.  This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Walker & Dunlop

Walker & Dunlop, established in 1937, is one of the leading providers of commercial real estate financial services in the United States, with a primary focus on multifamily lending. The Multifamily and FHA Finance groups of Walker & Dunlop are focused on lending to property owners, investors, and developers of multifamily properties across the country. As a Fannie Mae DUS™, Freddie Mac Program Plus® and Map- and Lean-approved FHA lender, Walker & Dunlop lends on most major multifamily asset classes including market-rate apartments, affordable apartments, manufactured housing communities, seniors housing, student housing and certain healthcare facilities. The Capital Markets and Investment Services groups of Walker & Dunlop provide a broad range of advisory, financing, investment consulting and related services.   

SOURCE Walker & Dunlop, Inc.