The RE/MAX initial public offering, which was priced at $22 per share this morning, surged more than 20 percent within an hour of trading. More than 6.5 million shares traded hands as the stock rose sharply, signaling continuing investor optimism in the recovery of the U.S. housing market. RE/MAX agreed to sell 10,000,000 shares for the public offering.
The RE/MAX public offering follows other successful IPOs in the sector, including Realogy, Trulia, and Zillow, as the U.S. housing market continues to rebound.
According to RISMedia CEO John Featherston, longtime industry observer and analyst, “The RE/MAX public offering to investors provides a ... Read More >