Real estate brokerage franchisor RE/MAX Holdings files for a $100 million IPO


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RE/MAX Holdings, one of the world's leading franchisors of real estate brokerage services, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The Denver, CO-based company, which was founded in 1973 and booked $152 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol RMAX. RE/MAX Holdings initially filed confidentially on July 12, 2013. Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.

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