RE/MAX rides housing upswing to public offeringAugust 20, 2013 @ 8:48 am
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.
The Seahawks have released the 2014 regular-season schedule
Save the Buses?
A group is gathering signatures to save transit, but Michael Medved has another solution
21 and Over
If 21 is the legal age for alcohol and marijuana, why not cigarettes?
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.