Special to Realty/Builder Connection
RE/MAX announced last month that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
The timing, number of shares to be offered and the price range for the offering have not yet been determined. RE/MAX intends to apply to list its common stock on the New York Stock Exchange.
In a release announcing the IPO, RE/MAX claims that its brand name has held the No. 1 market share in the U.S. and Canada since 1999. Morgan Stanley, Band of America, Merrill Lynch and J.P. Morgan will act as joint book-running managers for the offering. Perella Weinberg Partners is acting as advisor to RE/MAX.
Copies of the preliminary prospectus relating to the offering may be obtained, when available, from:
Morgan Stanley
Attention: Prospectus Department
180 Varick St., 2nd Floor
New York, NY 10014
Telephone: 1-866-718-1649
Email: [email protected]
Dave and Gail Liniger founded RE/MAX in 1973. It now claims 90,000 agents and a global reach of more than 90 countries.