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Realogy Higher in Post-IPO Trading on Housing Hopes


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2012 Oct 13, 8:42am   383 views  0 comments

by Biff Baxter   ➕follow (0)   💰tip   ignore  

http://online.wsj.com/article/BT-CO-20121011-711850.html?source=Patrick.net

Realogy IPO, among the year's largest, surges in its debut --CEO Smith says shares are a way to play the housing recovery --Deal was backed by private-equity firm Apollo Global Management (Updates with comments from CEO Smith, starting in fifth paragraph.) By Chris Dieterich NEW YORK--Realogy Holdings Corp.'s (RLGY) IPO got off to a fast start Thursday as investors showed confidence in the nascent housing recovery, making the sale of the Apollo Global Management LLC (APO)-portfolio company one of the largest stock-market debuts this year. Realogy's shares jumped 24% to $33.55 in afternoon trading, up from the an opening print...

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