Shares of RE/MAX (RMAX -3.88%) are up more than 20% on the day of its IPO as the rest of the market sags. Motley Fool Supernova Analyst Matthew Argersinger isn't surprised by RE/MAX's timing, though -- he thinks this is the right time for RE/MAX to IPO considering the success of its competitors, including Trulia and Zillow, which have had great runs since their IPOs. Matt thinks that the strength of residential real estate combined with low interest rates has made this a strong market for RE/MAX, but he worries about the market's future.
Free Article
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Should Investors Jump Into This Hot IPO?
By Mark Reeth and Matthew Argersinger
–
Oct 2, 2013 at 3:29PM
NYSE: RMAX
RE/MAX Holdings
Market Cap
$170M
Today's Change
(-3.88%) -$0.33
Current Price
$8.18
Price as of June 30, 2025, 4:00 p.m. ET
Shares of RE/MAX are up big on the day of its IPO. Will the company continue to run hot, or will shares run out of steam?
Fool contributor Mark Reeth has no position in any stocks mentioned. Matthew Argersinger has no position in any stocks mentioned. The Motley Fool recommends Zillow. The Motley Fool owns shares of Zillow. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned
RE/MAX Holdings
RMAX
$8.18
(-3.88%)
$0.33
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Related Articles
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.