KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market
Real Estate

RE/MAX rides housing upswing to public offering

RE/MAX Holdings, one of the world's largest real estate brokerages, announced it plans to raise $100 million for an initial public offering.

The announcement comes on the heels of RE/MAX rival Realogy Holdings - which operates Century 21 and Coldwell Banker - filing for a $1 billion IPO. Both brokerages are aiming to take advantage of a recovering housing market.

RE/MAX has been a private company since its inception 40 years ago. The company has been earned $33.3 million in 2012. RE/MAX brought in $15 million in the first six months of this year - an 8.7 percent increase from the same time period last year.

RE/MAX will trade on the New York Stock Exchange under the ticker symbol RMAX.

Top Stories

  • Can't Miss Opportunity
    Danny O'Neil says this game is Seattle's best chance to gain ground against division leaders
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Listen to the show
Hear Real Estate Today on KIRO Radio
Join Tom Kelly every Sunday at 9am on KIRO Radio to talk Puget Sound real estate.

Sign up for breaking news e-mail alerts from
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.