RE/MAX, a Denver-based real estate brokerage franchise that is backed by Weston Presidio, said Monday that it has filed for an IPO. Although no financial terms were disclosed on the company’s news release, other outlets report that the amount raised for the IPO to be $100 million. Morgan Stanley, BofA Merrill Lynch and J.P. Morgan will serve as lead underwriters while Perella Weinberg Partners is advising RE/MAX.
(Denver, CO) – RE/MAX, one of the world’s leading franchisors of real estate brokerage services, today announced 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 RE/MAX brand name has held the number one market share in the U.S. and Canada since 1999. 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.
Copies of the preliminary prospectus relating to the offering may be obtained, when available, from Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or telephone: 1-866-718-1649, or email: email@example.com; BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email: firstname.lastname@example.org; or J.P. Morgan, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or telephone: 1-866-803-9204.