Pursuits
Realogy Raises $1.08 Billion, Pricing IPO at Top End of Range
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Realogy Holdings Corp., the real estate brokerage company that’s controlled by Apollo Global Management LLC, raised $1.08 billion in an initial public offering, pricing the shares at the top of the proposed range.
Realogy, which owns brokerage brands such as Coldwell Banker and Century 21, sold 40 million shares for $27 each, according to a statement yesterday, after offering them for $23 to $27 apiece, representing a 31 percent stake. The shares will be listed on the New York Stock Exchange under the symbol RLGY.