Real estate brokerage franchisor RE/MAX Holdings sets terms for $200 million IPO


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RE/MAX Holdings, a leading franchisor of residential real estate brokerages in the US and Canada, announced terms for its IPO on Thursday. The Denver, CO-based company plans to raise $200 million by offering 10.0 million shares at a price range of $19 to $21. At the midpoint of the proposed range, RE/MAX Holdings would command a fully diluted market value of $611 million.

RE/MAX Holdings, 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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