Realogy parent Domus Holdings files for a $1 billion IPO

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Domus Holdings, the world's largest franchisor of residential real estate brokerages, filed on Friday with the SEC to raise up to $1 billion in an initial public offering. Domus Holdings holds notable franchise brokerage brands including Century 21, Coldwell Banker and Sotheby's International Realty. In 2011, Domus Hodlings accounted 26% of US existing homesale transactions involving a real estate brokerage firm.

The Parsippany, NJ-based company, which was incorporated in 2006, reported financial results for the quarter ended March 31, 2012. Revenue increased 5% or $44 million to $875 million as a result of higher homesale transaction volume. As a result, net loss fell to -$192 million compared to -$237 million in the comparable quarter last year. On a LTM basis the company booked $4.1 billion in sales.

Domus Holdings is backed by notable private equity firm Apollo Management (66.2%) and hedge fund Paulson & Co (21.5%). Apollo acquired Realogy, a subsidiary of Domus Holdings, in 2006 near the peak of the housing prices. The company did not list a ticker, exchange or underwriters on the deal and no pricing terms were disclosed.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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