Tracking stock to represent the value of Move.com, the online relocation, real estate and home-related services business of Cendant Corp. (NYSE:CD).
Move.com Group operates a popular network of Web sites, which offer
a wide selection of quality relocation, real estate and home-related
products and services. Move.com Group seeks to improve the often stressful
and demanding moving experience by providing a one-source, "friend-in-need"
solution before, during and after the move. Move.com Group strives to
establish strong, long-term relationships with consumers by offering
quality products and services for each phase of the moving process from
finding a home to improving an existing home. Move.com Group also provides
a broad-based distribution platform for its business partners, who are
trying to reach a highly targeted and valued group of consumers at the most
opportune times. Move.com Group currently generates the following types of
revenue from its business partners: listing subscription fees, advertising
and sponsorship fees, e-commerce transaction fees and Web site management
fees.
Goldman Sachs is the lead underwriter. |
