NEW YORK CITY-Apollo Global Management is selling its remaining shares in Realogy Holdings Corp. as the burgeoning residential real estate recovery spikes the value of the Parsippany, NJ-based brokerage firm.
In a statement released by Realogy on Tuesday, Apollo and its affiliated funds have agreed to sell approximately 25 million shares of Realogy common stock in a secondary public offering. Apollo acquired Realogy back in 2007 for $6.8 billion.
Since its initial public offering last October, Realogy's value has soared by approximately 83%. Its stock closed yesterday at $49.29 a share, according to Bloomberg News.
Realogy officials in a separate statement reported that its net revenue increased by as much as 18% in the second quarter as compared to a year earlier, according to preliminary estimates. See story at Bloomberg News.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
