Re/Max Brokerage Files to Raise Up to $241.5 Million in IPO
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Re/Max Holdings Inc., a franchiser of real estate brokerages, filed to raise as much as $241.5 million in a U.S. initial public offering as the property market recovery bolsters shares of housing-services companies.
Re/Max, based in Denver, plans to sell 10 million shares for $19 to $21 each, according to a regulatory filing today. The total amount, which includes overallotment options, was increased from an initial target of as much as $100 million.