RMR Wealth Management Blog

IPO Market Update by Ryan C. Rogers, RMR Wealth Management, LLC

RMR Wealth Management - Thursday, October 11, 2012

Realogy (RLGY) begins trading up 21% from offering price.

Realogy (RLGY) http://www.realogy.com/, the leading US franchisor of residential real estate brokerages, raised $1.08 billion by offering 40 million shares at $27, the high end of the range of $23 to $27. Goldman Sachs and J.P. Morgan acted as lead underwriters on the deal.

 

Shutterstock (SSTK) begins trading up 31% from offering price.

Shutterstock (SSTK) http://www.shutterstock.com/, an online marketplace for royalty-free images and videos, raised $76.5 million by offering 4.5 million shares at $17, above the range of $13 to $15. Morgan Stanley, Deutsche Bank and Jefferies acted as lead underwriters on the deal.

 

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