The Denver-based company, which initially planned to raise $100m, will offer 11.5m shares priced at between $19 and $21 per share, according to a document filed with the US Securities and Exchange Commission. The company, which was backed by Weston in 2010, posted revenues of $143.7m in 2012.
Morgan Stanley, Bank of America Merrill Lynch, JP Morgan, William Blair, RBC and JMP are acting as underwriters for the IPO, the filing showed.
After the float, Re/Max shares will be trading on the New York Stock Exchange under the symbol RMAX.
Re/Max said it plans to spend $27.3m to buy HBN and Tails to reacquire its franchise rights in the Southwest and Central Atlantic regions of the US.
Other companies backed by Weston Presidio include IT staffing and consulting firm Digital Intelligence Systems, which raised a $20m Series C in September last year.
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