Apollo's (APO) Realogy Holdings (RLGY) to Raise $1.08B in IPO
Get Alerts RLGY Hot Sheet
Join SI Premium – FREE
Realogy Holdings (NYSE: RLGY) -- the Apollo Global Management (NYSE: APO)-controlled brokerage -- is expected to launch its IPO today, having recently cleared the offering with the U.S. SEC.
According to filings, the IPO will raise about $1.08 billion for the company. The Company is said to have sold 40 million shares at $27 each, after pricing the offering at $23 to $27 per share.
Following the IPO, Apollo will retain control of 50.2 percent of Realogy. Hedge fund man John Paulson will own a 10 percent stake via his Paulson & Co funds.
Following the IPO, Realogy will have an enterprise value of $7.77 billion, or 16 times EBITDA. Managers on the offering were JPMorgan Chase and Goldman Sachs.
According to filings, the IPO will raise about $1.08 billion for the company. The Company is said to have sold 40 million shares at $27 each, after pricing the offering at $23 to $27 per share.
Following the IPO, Apollo will retain control of 50.2 percent of Realogy. Hedge fund man John Paulson will own a 10 percent stake via his Paulson & Co funds.
Following the IPO, Realogy will have an enterprise value of $7.77 billion, or 16 times EBITDA. Managers on the offering were JPMorgan Chase and Goldman Sachs.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coinbase (COIN) CEO Armstrong on X: Great progress on the SEC case - and huge win for self-custodial wallets
- Li Auto Inc. (LI) Announces Put Right Notification for 0.25% Convertible Notes due 2028
- Five Star Bancorp (FSBC) Launches Share Offering
Create E-mail Alert Related Categories
IPOsRelated Entities
JPMorgan, Paulson & Co. (PCI), Hedge FundsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!