Realogy Climbs in Debut After Shares Price at Top of Range
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Realogy Holdings Corp., the real estate brokerage company controlled by Apollo Global Management LLC, rose 27 percent in its first day of trading as investors bet on a housing recovery.
Realogy climbed to $34.20 in New York after selling 40 million shares for $27 each yesterday, the top of its initial public offering range. The owner of the Coldwell Banker and Century 21 brands raised $1.08 billion through the sale of a 31 percent stake, according to a statement.