Realogy's Smith: Pure Play Real Estate Investment

Realogy's Smith: Pure Play Real Estate Investment Play

Oct. 11 (Bloomberg) -- Bloomberg's Josh Lipton reports that Realogy Holdings Corp., the real estate brokerage company controlled by Apollo Global Management LLC, rose as much as 29 percent in its first day of trading as investors bet on a housing recovery. CEO Richard Smith called the company a pure play investment opportunity. He speaks on Bloomberg Television's "Money Moves."

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