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, the company announced.
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 Times Top 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.