Shares of the newly formed Real REMAX Group exploded higher following the official completion of the 880 million dollar merger between The Real Brokerage Inc. and RE/MAX. The market reacted positively to the debut of the combined entity under the new ticker symbol REAX, which began trading on the Nasdaq on August 25. Further fueling the upward momentum was the company's announcement of a significant share repurchase program, authorizing the buyback of up to 450 million dollars or 25 million shares of common stock.