Realogy Holdings Corp. announced on Friday their plans to launch an IPO of some 40 million shares in common stock. According to the news, underwriters will also offer a 30-day option to buy an additional 6 million shares as well. The ticker symbol for the stocks, already approved, will be "RLGY." Proceeds of the sale will be applied to outstanding debts of the company.
For those unaware, Realogy Corporation is a global real estate services provider vested in real estate franchising, brokerage, relocation and title services. Realogy owns several notable brands like; 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. Realogy’s franchise contingents include some 13,500 offices with more than 238,500 sales associates around the world.
The joint managers and bookers of these stocks will be Goldman, Sachs & Co., J.P. Morgan, Barclays, and Credit Suisse. citigroup and others will set up as lead managers. If you are interested in a prospectus for this offering, please contact; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY, 10282 via phone at (866) 471-2526. Alternatively, the interested reader may e-mailing GS via [email protected]. Realogy spokespeople suggest proceeds of this offering will reach $1.24 billion.
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