Realogy Moves into Public Markets, Gets Cozy Quickly
October 12, 2012
Realogy, an Apollo Global Management-backed provider of real estate services, raised $1.08 billion through its IPO, after pricing 40 million shares at the top of its expected $23 to $27 price range. The company intends to use its net proceeds from the offering primarily to help repay outstanding indebtedness. Its stock quickly made itself at home on the NYSE under the symbol RLGY, closing up at $34.20.