Brokerage

Re/Max IPO nets $225 million as underwriters exercise full option to purchase additional stock

Shares now trading 40 percent above IPO's $22 price
Published on Oct 7, 2013 | Updated on Apr 1, 2014

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by CareyBot

Re/Max Holdings Inc. says it netted $225 million after expenses in its initial public offering (IPO), with underwriters exercising the option to purchase all of the 1.5 million shares available to them. In all, Re/Max sold 11.5 million shares of its ...