Realogy Holdings, the world's largest franchisor of residential real estate brokerages, announced terms for its IPO on Friday. The Parsippany, NJ-based company plans to raise $1 billion by offering 40 million shares at a price range of $23 to $27. At the midpoint of the proposed range, Realogy Holdings would command a fully diluted market value of $3.3 billion. Domus Holdings, which was founded in 2006 and booked $4.3 billion in sales for the 12 months ended 6/30/2012, plans to list on the NYSE under the symbol RLGY. Goldman Sachs, J.P. Morgan, Barclays and Credit Suisse are the joint bookrunners on the deal.
