RE/MAX rings in its successful initial public offering on the NYSE

Executives and guests of RE/MAX Holdings, one of the world’s leading franchisors of real estate brokerage services, will visit the New York Stock Exchange (NYSE) today to celebrate the company’s recent initial public offering.

The company’s stock began trading on the NYSE on October 2, 2013 under the ticker symbol “RMAX” and the share price has grown by over 35% since then, which is an amazing achievement. In honour of the successful initial public offering, RE/MAX Chairman and Co-Founder Dave Liniger, Vice Chair and Co-Founder Gail Liniger and Chief Executive Officer Margaret Kelly, joined by additional members of the RE/MAX leadership team, will ring the NYSE Opening Bell today, 12 November 2013 at 9:30 a.m. ET.

Adrian Goslett, CEO of RE/MAX of Southern Africa explains that The NYSE’s opening and closing bells mark the beginning and the end of each trading day and says that the act of ringing the bells is quite an honour and a symbol of a lifetime of achievement.

Since RE/MAX was established in Denver, Colorado 40 years ago, it has achieved an exceptional international presence and has become recognised as one of the leading international global real estate franchise companies with the most productive sales force in the industry.

“RE/MAX was named Entrepreneur magazine’s number one real estate franchise in the USA in the 34th annual Franchise 500 survey in January this year for the tenth time in the last 14 years. In October 2012, USA magazine Franchise Times also named RE/MAX the number one real estate franchise in its annual Top 200 ranking, based on worldwide sales.”

 Goslett notes that the global RE/MAX footprint continues to expand with a presence in over 90 countries and more than 6000 offices and 90 000 real estate agents worldwide.  RE/MAX in Africa continues to grow having recently opened in Tanzania, Kenya, Uganda, Morocco, Tunisia and Egypt. In Southern Africa the brand has grown in market share to the point that it is now placing almost 3 000 families in homes every month.

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