Realogy Holdings (RLGY) raises $1.08B after selling 40M shares at $27 each in its NYSE IPO,...

|About: Realogy Holdings (RLGY)|By:, SA News Editor

Realogy Holdings (RLGY) raises $1.08B after selling 40M shares at $27 each in its NYSE IPO, giving the real-estate brokerage an enterprise value of $7.77B. Following the listing, Apollo Global (APO) will retain a stake of 50.2% in Realogy, whose listing comes as the P-E firm looks to raise a $10B-$12B fund. Realogy will use the IPO proceeds to help reduce its debt.