Davis Polk advised Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as representatives of the underwriters, in connection with RE/MAX Holdings, Inc.'s (RE/MAX) initial public offering of 11,500,000 shares of its Class A common stock, which included the full exercise of the underwriters' over-allotment option to purchase an additional 1,500,000 shares of Class A common stock from RE/MAX, at a price to the public of $22.00 per share. The Class A common stock is listed on the New York Stock Exchange under the symbol “RMAX.” In connection with the closing of the IPO, RE/MAX completed various reorganization transactions, pursuant to which, among other things, Weston Presidio V, LP’s membership interest in RMCO, LLC (RMCO) was redeemed in full and RE/MAX became a member and the sole manager of RMCO.

Based in Denver, Colorado, RE/MAX is one of the world’s leading franchisors of real estate brokerage services.

The Davis Polk capital markets team included partner Deanna L. Kirkpatrick and associates Alain Kuyumjian and Elina M. Lae and former summer associates William Morrison and Yujia (Jennifer) Jiang. The tax team included partner Michael Mollerus and associate Ameya V. Bapat. Counsel Marcie A. Goldstein provided FINRA advice. Counsel Hayden S. Baker provided environmental advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team were based in the New York office.