Real estate services firm Cushman & Wakefield has filed for an initial public offering, with plans to first restructure from parent DTZ jersey Holdings Ltd and re-register as Cushman & Wakefield PLC, according to a regulatory filing. Morgan Stanley, JPMorgan, Goldman Sachs and UBS are joint bookrunners on the dal with Barclays, BofA Merrill Lynch, Citigroup, Credit Suisse, William Blair and TPG Capital acting as co-managers. Proceeds of the deal will be used to repay debt and for general corporate purposes. The company has about 48,000 employees working at 400 office in 70 countries. It will continue to be controlled by its private-equity owners, TPG Funds, PAG Asia Capital and Ontario Teachers' Pension Plan Board when the deal closes.