There's more cashing in on the housing recovery as brokerage RE/MAX files for an IPO. The company has more than 92K real estate agents globally and has held the #1 spot in the U.S. and Canada for more than a decade. The stock will trade under the symbol RMAX.
The owners are no-doubt eying the strong performance of Zillow (Z) and Trulia (TRLA), but also Realogy (RLGY) - the franchisor of Century 21 Coldwell Banker, and Sotheby's International - which is up 25% since its October IPO. Its P-E owner - Apollo Global - cashed out of the rest of its shares this summer.