Colombia. Colliers International Group Inc. and FirstService Corporation announced the completion of their separation process into two companies that will be publicly listed on the stock exchange independently. In fact, since June 2, Colliers began trading on the NASDAQ Stock Exchange under the symbol CIGI and the Toronto Stock Exchange ("TSX") under the symbol CIG.
This important event is part of the real estate company's growth strategy, which seeks to strengthen its visibility and presence among investors and clients, as well as accelerate colliers' evolution in key international markets.
Importantly, as part of FirstService, Colliers increased its revenue from approximately $200 million in 2004 to $1.6 billion in 2014. However, the company's current focus seeks to continue this level of growth through new acquisitions and diversification of its service lines independently.
"The mission at Colliers has been to establish a global company that meets the current real estate needs of its clients in the best way. To successfully continue the next phase of this mission, we will continue to grow the global professional services platform and pursue new opportunities to diversify our revenue streams," Colliers spokespeople said in a statement.
