Realogy Holdings Corp. (NYSE: RLGY) (the “Company”) today announced the pricing of its initial public offering of 40,000,000 shares of common stock at $27.00 per share. The underwriters of the offering will have a 30-day option to purchase up to an additional 6,000,000 shares of common stock from the Company at the initial public offering price, less underwriting discounts and commissions. The Company’s shares are expected to begin trading on the New York Stock Exchange on October 11, 2012 under the symbol “RLGY.”
The Company expects to receive proceeds from the sale of the 40 million shares, net of underwriters’ discounts and commissions and estimated offering expenses, of approximately $1.02 billion from the offering and intends to use the net proceeds of the offering, along with cash on hand, primarily to repay outstanding indebtedness.
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.
The offering will be made only by means of a prospectus. A copy of the final prospectus, when available, may be obtained by contacting: Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY, 10282, by calling (866) 471-2526, or by e-mailing firstname.lastname@example.org or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (866) 803-9204.
The registration statement relating to the securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
October 10, 2012