DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: McKinney-based Fathom Realty Announces IPO Plans
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > Fathom Realty > McKinney-based Fathom Realty Announces IPO Plans
Fathom Realty

McKinney-based Fathom Realty Announces IPO Plans

3 Min Read
SHARE
josh-speaking-2-862x517-e1552711445122
Fathom Realty CEO Josh Harley (Photo courtesy Fathom Realty).

From staff reports

McKinney-based Fathom Realty announced last week that it would begin working towards taking the company public, saying it would file documents for an initial public offering with the Securities and Exchange Commission in the second quarter of 2019.

The cloud-based, 100 percent commission brokerage said it will submit a Form S-1 with the SEC to begin the process of publicly listing its common stock.

“The public listing is expected to take place after the SEC completes the review process initiated by Fathom’s confidential submission of its draft registration statement,” the company said in a press release.

Fathom CEO Josh Harley started the company in 2010, and while it now covers 18 states and 75 markets, it still calls McKinney home. Nationally, the company has 2,724 agents. Locally, there are five offices, the company told the Dallas Morning News last year, with almost 800 local workers.

Agents pay Fathom a fee of $450 per transaction for the first 12 transactions in a year. Once that threshold is met, agents pay a fee of $99 per transaction and a yearly $500 transaction fee.

At the end of 2018, the company could boast not only 65 percent year-over-year growth, but also the top spot for large companies in the Dallas Morning News’ Top 100 places to work.

In January 2017, Harley gave employees shares in the company, and outlined a plan where they would earn more. Each agent and employee currently gets 100 shares upon joining the company, and then additional shares for various benchmarks. As of the end of 2018, employees owned roughly 20 percent of Fathom.

Earlier this year, Harley was named a real estate “Game Changer” by REAL Trends.

“It’s an honor to be listed among this small group of industry leaders and disruptors,” Harley said of the honor. “From the first day I launched Fathom, it was my goal to change the dynamic between brokers and agents, and ultimately change the game. I believe we are doing just that. It feels good to know that others are beginning to recognize our efforts. Fathom is poised to be a major player in the real estate space and I’m excited for the future.”

When the IPO comes to fruition, Fathom will join fellow cloud-based brokerage eXp Realty as a publicly traded brokerage, along with Redfin, RE/MAX, and Realogy.

Treasure Trove Estate Sale of Stanley Marcus’ Personal Secretary is on Today And Tomorrow
Mortgage Report: Fed Will Raise Interest Rates This Week
Wedgwood Wonder Lands on Weekend One Hundred
Choose From Two Beaver Creek Vacation Homes
David Griffin Launches Colvin Court Townhomes With Exclusive First Look Event
TAGGED:Cloud based brokeragesDallas real estate newsDFW real estate newsIPOJosh HarleyNorth Texas Real Estate NewsReal EstateReal Estate News
Share This Article
Facebook Email Copy Link Print
Previous Article Florida Beach Beat Out Hawaii As Best Beach In USA
Next Article Thousand Oaks Provides California Living On a Budget
Popular News
Dallas Real Estate School

Champions School is Hosting Texas’ Biggest Real Estate Career Fair

New. Now. Wow! Check Out Summer’s Latest Design Collabs.
Serve It Up Hot on Super Bowl Sunday
Amid Coronavirus Concerns, Homebuilder Forecast Shows Strong Market
Colleyville Builder Plans to Expand Its Portfolio in Two Growing Communities
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?