Industry News

Realogy joins S&P 500 Index

Company set to begin trading next week

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Realogy Corp., which is expected to be spun off from Cendant Corp. on Monday, announced that its stock will become a member of the Standard & Poor's 500 Index upon expected commencement Aug. 1 of "regular way" trading on the New York Stock Exchange. Widely regarded as the best single gauge of the U.S. equities market, the world-renowned index includes a representative sample of 500 leading companies in leading industries of the U.S. economy. The S&P 500 represents the U.S. component of the S&P Global 1200. "Joining the S&P 500 Index is another significant milestone for us as we prepare to complete our spin-off," said Richard A. Smith, vice chairman and president of Realogy. "As a stand-alone publicly traded company, Realogy provides a unique way for investors to participate in the long-term growth of the U.S. existing-home sales market without the need to own property." Realogy will be listed on the NYSE under the ticker symbol "H", for homes. On Aug. 2, the day after...