Realogy Added to Russell 1000 Index
PARSIPPANY, NJ--(Marketwire - Dec 21, 2012) - Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and relocation services, announced today that it was one of three companies with initial public offerings in the fourth quarter that were added to the Russell 1000® Index after the equity markets closed on December 21, 2012. By extension, Realogy also was added to the Russell 3000® Index and the Russell Global Index.
The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the broad-market Russell 3000® Index and includes approximately 1000 of the largest securities based on a combination of their market cap and current index membership. The Russell 1000 represents approximately 92% of the U.S. market.
Inclusion in the various Russell Indexes is determined by market capitalization. Russell weights members of each index by float-adjusted market capitalization and explicitly excludes "locked-up" shares from IPO weights. As IPOs are added each quarter, Russell does not delete existing members to make room, but fully reconstitutes each index annually at the end of the second quarter.
About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising with company-owned residential real estate brokerage operations doing business under its franchise systems as well as relocation and title services. Realogy's brands and business units include Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby's International Realty®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise system members operate approximately 13,500 offices with 239,500 independent sales associates doing business in 103 countries around the world. Realogy is headquartered in Parsippany, N.J.