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/ Holdings, one of the world’s largest real estate brokerages, announced Monday that it plans to raise $100 million for an initial public offering. The announcement comes on the heels of RE/ rival — which operates Century 21 and filing for a $1 billion IPO. Both brokerages are aiming to take advantage of a recovering housing .

RE/MAX has been a private company since its inception 40 years ago. The company has been posting healthy as the heats up, earning $33.3 million in 2012. RE/MAX brought in $15 million in the first six months of this year — an 8.7 percent increase from the same time period last year.

The company also has been increasing its employee base: It now has 91,809 agents nationwide, the highest number of employees in three years at the brokerage.

RE/MAX will trade on the Stock Exchange under the ticker symbol .

Source:  http://realtormag.realtor.org/daily-news/2013/08/20/remax-files-for-100-million-

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