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Re/Max Holdings Going Public

Re/Max Holdings Inc., the real estate brokerages in giant is taking advance of the recovering housing market and going public. The company expects to raise $100 million through the IPO. The IPO offering will consist of two classes of stock; Class A stock and Class B stock. Class A stock holders will receive one single vote, while Class B stock holders will receive two votes. Bank of America Corp (NYSE:BAC), JPMorgan Chase & Co (NYSE:JPM), and Morgan Stanley (NYSE:MS) are all involved in the IPO offering. Re/Max Holdings Inc. is expected to listed on the NYSE under the ticker “RMAX”. This may be a great sign for the housing market.

 (Image source: realestateblogkelowna.com)