What is the ticker symbol for RE/MAX Holdings, Inc. after its IPO?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
RE/MAX, LLC and its consolidated subsidiaries (the "Company") is a Delaware limited liability company and a wholly owned subsidiary of RMCO, LLC ("RMCO" or "Member"). RMCO is a subsidiary of RE/MAX Holdings, Inc. ("Holdings"). Holdings completed an initial public offering (the "IPO") of its shares of Class A common stock on October 7, 2013. Holdings' only business is to act as the sole manager of RMCO. As of December 31, 2024, Holdings owns 60.2% of the common membership units in RMCO, while RIHI, Inc. ("RIHI") owns the remaining 39.8%. The Company's distributions to RMCO and RMCO's subsequent distributions to Holdings are largely used to fund Holdings' distributions to its shareholders, including Holdings dividends and repurchases of common shares. Because of the Company's relationship as a wholly owned subsidiary of RMCO, the accompanying consolidated financial statements do not purport to reflect the results of operations and financial position which might have been obtained if the Company were autonomous.
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, RE/MAX Holdings, Inc. completed an initial public offering (IPO) of its Class A common stock on October 7, 2013. The document does not specify the ticker symbol assigned to RE/MAX Holdings, Inc.'s shares after the IPO.
While the FDD mentions the IPO and the date it occurred, it omits the crucial detail of the stock ticker symbol. This information is typically relevant for prospective investors or franchisees interested in the financial performance and public trading of the parent company.
A prospective Remax franchisee who is interested in the financial details of the company should verify the ticker symbol through an independent source, such as a financial website, or directly ask the franchisor during their due diligence process.