Realogy (RLGY) IPO Opens 22% Higher

October 11, 2012 9:57 AM EDT
The IPO for Realogy (NYSE: RLGY) opened for trading at $32.85 after pricing 40 million shares at $27, the top end of the expected $23-$27 range.

Goldman, Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are acting as the joint book runners for the offering. Citigroup, Wells Fargo Securities and BofA Merrill Lynch are acting as lead co-managers and Credit Agricole Securities (USA) Inc., Comerica Securities, Inc., CRT Capital Group LLC, Houlihan Lokey Capital, Inc., Lebenthal & Co., LLC, Loop Capital Markets LLC and Apollo Global Securities, LLC are acting as co-managers.

About Realogy Holdings Corp. Realogy Holdings Corp. (NYSE: RLGY), a global provider of real estate services, has a diversified business model that includes real estate franchising, brokerage, relocation and title services. Realogy's brands and business units include Better Homes and Gardens Real Estate, CENTURY 21, Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group, ERA, Sotheby's International Realty, NRT LLC, Cartus and Title Resource Group.

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