DENVER, Oct. 1, 2013 /PRNewswire/ -- RE/MAX Holdings,
Inc. (the "Company" or "RE/MAX"), one of the world's leading
franchisors of real estate brokerage services, today announced the
pricing of its initial public offering of 10,000,000 shares of
Class A common stock at a public offering price of $22.00 per share. The Company has granted the
underwriters a 30-day option to purchase up to an additional
1,500,000 shares of Class A common stock to cover overallotments,
if any. Shares of the Company's Class A common stock are expected
to begin trading on October 2, 2013
on the New York Stock Exchange under the symbol "RMAX."
The net proceeds of the offering are estimated to be
approximately $194.2 million after
deducting underwriting discounts and commissions and estimated
offering expenses. The Company intends to use the net proceeds from
the offering to reacquire regional RE/MAX franchise rights in
select markets, redeem preferred membership interests and to
repurchase ownership stakes from existing shareholders.
Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are acting as
joint book-running managers for the offering. William Blair, RBC Capital Markets and JMP
Securities are acting as co-managers for the offering. Perella
Weinberg Partners is acting as advisor to RE/MAX. The offering of
these securities is being made only by means of a prospectus,
copies of which can 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
|
A registration statement relating to these securities has been
filed with and declared effective by the Securities and Exchange
Commission. 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 RE/MAX
RE/MAX is one of the world's leading
franchisors of real estate brokerage services, with over 90,000
agents operating in more than 90 countries.
Contacts:
Investor Relations
(303) 224-5458
investorrelations@remax.com
Media
Phil Denning
Phil.denning@icrinc.com
203-682-8246
Jason Chudoba
Jason.chudoba@icrinc.com
646-277-1249
SOURCE RE/MAX LLC