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RE/MAX Co-Founder Files to Sell Shares

RE/MAX Holdings Inc. (NYSE: RMAX) may soon have a larger free float of common shares on the market. The company issued an SEC filing on Tuesday signaling that the real estate brokerage firm has filed a resale shelf registration statement to cover the proposed sale of up to 7.5 million shares. These shares will be sold from time to time and refer to the Class A common stock, but there may not be a secondary offering coming immediately. Offerings of this magnitude seem large when they are seen, but all in all they are quite common.

What matters here is that RE/MAX will not be receiving any of the share sale proceeds. These shares are being sold by RIHI, which is listed as RE/MAX’s controlling stockholder.

RIHI is majority owned and controlled by David Liniger, the...