HFF, Inc. HF announced today that it has filed a preliminary prospectus supplement with the Securities and Exchange Commission for a proposed underwritten public offering of 4,047,472 shares of its Class A common stock. All shares will be offered by existing stockholders who are also current transaction professionals of the Company, including the Company's chief executive officer and three other inside directors. The Company will not receive any proceeds from the sale of shares in the offering.
The primary purpose of this offering is to raise capital for taxes related to the exchange by the aforesaid selling stockholders that took place on June 30, 2010 (as described in the Company's June 28, 2010 press release and the Company's Annual Report on Form 10-K for the year ended December 31, 2010), as well as for taxes related to this offering. A secondary purpose for this offering is for the personal portfolio diversification of the selling stockholders.
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