Monday, June 11, 2012

IPO-logy: Realogy Planning $1 Billion Offering

The parent company of Realogy, which owns Century 21, Coldwell Banker, Better Homes and Sotheby’s International Realty, is hoping to raise $1 billion today in an initial public offering.
The IPO is a full circle for Domus�Holdings, Realogy’s owner, which was bought out by Apollo Global Management in 2006 in the largest buyout ever in real estate. Here’s what we know about the upcoming IPO:

Apollo Group took Realogy private for $6.65 billion in December 2006, and it owns 66 percent of Domus, while Paulson & Co. owns 21 percent, according to ...

Source: http://feedproxy.google.com/~r/chicagoagentmagazine/news/~3/mfbiTvyaNQk/

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