The company has more than 90,000 agents and 6,300 offices around the world, but gets the bulk of its revenue from the U.S. In 2012, the company reported net income of $18 million on revenue of $143.7 million. Re/Max is one of several real estate-related companies to go public recently. Realogy Holdings, which operates real estate brokerages under brands like Century 21, Coldwell Banker and Sotheby’s International Realty, debuted in October. Real estate website operator Trulia Inc. went public in September and online real estate information company Zillow Inc.
RE/MAX Begins Trading on NYSE After IPO
Company executives includingChairman and Co-Founder Dave Liniger, Vice Chair and Co-Founder Gail Liniger, and Chief Executive Officer Margaret Kelly visited the trading floor towitness the stock opening. Source: RE/MAX Holdings. Noting the company’s 40-year history, Kelly said, “From just a single office in Denver, we’ve grown into a global real estate brand. And today, we’re proud to enter a new era of RE/MAX history as a publicly traded company.” The real estate brokerage filed its plans to go public back in August.
It also gathers data on orders that are modified, canceled or filled. White said in April that the SEC needed to bring a sense of urgency to answering whether high-frequency trading, dark pools and the proliferation of complex order types harm retail investors or create an uneven playing field. Since then White has grappled with technology failures, including the Aug. 22 malfunction of Nasdaqs price feed that caused it to call a three-hour trading halt in thousands of stocks. White met with the chief executive officers of U.S.
People were complacent. Credit Benchmarks Elsewhere in credit markets, IntercontinentalExchange Inc., best performing etfs the energy and commodity futures bourse that agreed to buy NYSE Euronext for $8.2 billion, plans to sell $1.2 billion of bonds to help finance the acquisition. The cost to protect against losses on U.S. corporate bonds fell as investors speculated the economic effects of the partial government shutdown will be limited. The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate on creditworthiness, fell 1.7 basis points to 80.2 basis points as of 12:06 p.m. in New York , according to prices compiled by Bloomberg.