Realogy Prices IPO
Guess who rang the bell this morning at the New York Stock Exchange? That’s right, the executive leadership team and members of The Realogy Board of Directors were guests this morning at the NYSE, where they commemorated the new listing by ringing the signature Opening Bell. Up until now, Realogy has been a privately owned company that provides real estate and relocation services. It owns several of the leading real estate brands and brokerages in the world including NRT LLC, Better Homes and Gardens, Century 21, The Corcoran Group, ERA, Sotheby’s International Realty, and of course, the company that we are with, Coldwell Banker. Realogy operates in 103 countries and territories around the world with a sales force nearing a quarter of a million associates.
Realogy is led by Chariman, CEO & President Richard A. Smith who is a prominent figure on the national housing scene. In Mr. Smith’s latest post on the company’s internal social media site, Conversations That Matter, he was quoted as saying he was
“pleased to inform you that we have successfully completed our IPO…and have priced the 40 million shares at $27.00.” *The shares will trade under the symbol RLGY. This will make Reaolgy the 3rd largest IPO in the United States this year, and the 10th largest IPO internationally to date! In conjunction with the IPO, Realogy also unveiled a new logo [pictured above] which incorporates a distinctive ‘house within a globe’ icon, but keeps the same colors and similar look. This was done to emphasize the company’s focus on their international reach.
It is our great privilege to be associated with a company of this magnitude. The services that we, at The Harris Peppe Team can offer you, far exceed any other real estate company. In addition to residential real estate and relocation services, we can also provide you with resources for investment opportunities in the commercial real estate arena, seasonal and annual rentals, title and settlement services, lending services and homewatch services. We ARE full service! We ARE Naples Real Estate! We have local knowledge and global connections! Please call us with any comments or questions. 239.370.0574 We hope to hear from you soon, and we look forward to earning your business!
Make it a GREAT day,
The Naples Real Estate Blogger
*information derived from a Realogy Communication dated October 10th, 2012 6:10 PM