DENVER - Nov. 12, 2013 // PRNewswire // - Executives with RE/MAX Holdings, Inc., one of the world's leading franchisors of real estate brokerage services, celebrated the company's recent initial public offering (IPO) this morning with a visit to the New York Stock Exchange (NYSE) floor.
RE/MAX Chairman and Co-Founder Dave Liniger, Vice Chair and Co-Founder Gail Liniger and Chief Executive Officer Margaret Kelly rang the opening bell, surrounded by a group of RE/MAX officers and board members.
The company's stock began trading on the New York Stock Exchange (NYSE) on Oct. 2 under the ticker symbol "RMAX." The bell ringing is one of the most momentous events in the history of the 40-year-old Denver-based company.
"When we founded RE/MAX in 1973, Gail and I could never have imagined that we'd have the opportunity to ring the opening bell," said Dave Liniger, RE/MAX Chairman and Co-Founder. "This is truly an exhilarating milestone. Not only for us, but for each and every member of the RE/MAX Network around the world."
This has been a year of continued success for RE/MAX. In 2013, for the fifth consecutive year, RE/MAX ranked as the leading real estate franchise organization in the Franchise TimesTop 200. The survey is based on annual worldwide sales. RE/MAX placed 14th among all franchises, gaining two places over its standing in 2012.
RE/MAX was also named one of the Top 50 Franchises for Minorities by the National Minority Franchising Initiative through the World Franchising Network- the only real estate company to make the Top 50.
In the first half of the year, RE/MAX added 299 franchises worldwide, with 112 new franchises in the U.S. Through the end of June, franchise sales were up 4% from the same period in 2012.
For more information about RE/MAX, LLC, please visit www.remax.com or www.joinremax.com.
RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 90,000 agents provide RE/MAX a global reach of more than 90 countries. Nobody sells more real estate than RE/MAX.
RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, is a subsidiary of RE/MAX Holdings, Inc. (NYSE: RMAX).
With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $130 million for Children's Miracle Network Hospitals®, Susan G. Komen® and other charities.
For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com.
This press release includes "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "intend", "expect", "estimate", "plan", "outlook", and "project" and other similar words and expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward looking statements include any statements regarding the Company's strategic and operational plans. Forward looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. Such risks include, without limitation, those described in the sections "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation in the Company's registration statement on Form S-1 filed with the Securities and Exchange Commission ("SEC") and (1) changes in business and economic activity in general, (2) changes in the real estate market, including changes due to interest rates and availability of financing, (3) our ability to attract and retain quality franchisees, (4) our franchisees' ability to recruit and retain agents, (5) changes in laws and regulations that may affect our business or the real estate market, (6) failure to maintain, protect and enhance the RE/MAX brand. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances. Investors are referred to the Company's registration statement on Form S-1 and subsequent reports filed with the SEC.
SOURCE RE/MAX Holdings, Inc.