Apollo’s Realogy Files to Raise Up to $1.08 Billion in IPO

Realogy Holdings Corp., the real-estate services provider owned by Apollo Global Management LLC, filed to raise as much as $1.08 billion in its U.S. initial public offering.

Realogy is offering 40 million shares, almost one-third of its common stock, at $23 to $27 each, according to a regulatory filing today. Apollo, the New York-based private-equity firm run by Leon Black, will still hold a majority of the voting power following the IPO, the filing shows.