2014

RE/MAX Announces Closing of its Initial Public Offering

DENVER, Oct. 7, 2013 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company" or "RE/MAX"), one of the world's leading franchisors of real estate brokerage services, has completed its initial public offering of 11,500,000 shares of Class A common stock at $22.00 per share, including the full exercise of the option to purchase 1,500,000 additional shares granted to the underwriters. The Company's Class A common stock began trading on the New York Stock Exchange under the symbol "RMAX" on October 2, 2013.

Net proceeds received by the Company from the sale of 11,500,000 shares of Class A common stock were approximately $225 million after deducting underwriting discounts and commissions and estimated offering expenses. The Company used the net proceeds from the offering to reacquire regional RE/MAX franchise rights in the Southwest and Central Atlantic regions of the U.S., redeem preferred membership interests and to repurchase ownership stakes from existing shareholders.

Morgan Stanley, Bank of America Merrill Lynch and J.P. Morgan acted as joint book-running managers for the offering. William Blair, RBC Capital Markets and JMP Securities acted as co-managers for the offering.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. The offering was made only by means of a prospectus. A copy of the final prospectus may be obtained from:

Morgan Stanley
Attention: Prospectus Department.
180 Varick Street, 2nd Floor
New York, NY 10014
866-718-1649
prospectus@morganstanley.com

BofA Merrill Lynch
Attention: Prospectus Department.
222 Broadway
New York, NY 10038
dg.prospectus_requests@baml.com

 

J.P. Morgan
Attention: Broadridge Financial Solutions
1155 Long Island Avenue Edgewood, NY 11717
866-803-9204


This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About the RE/MAX Network
RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording RE/MAX agents and franchisees the flexibility to operate their businesses with great independence. With over 90,000 agents and a global reach of more than 90 countries, RE/MAX is recognized as one of the world's leading franchisors of real estate brokerage services. Nobody sells more real estate than RE/MAX.

 

SOURCE RE/MAX Holdings, Inc.



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