Fathom Realty Announces Plans to Go Public
Texas-based start-up had made a name for itself as an agent-owned company.
Fathom Holdings Inc. announced that it plans to file with the Securities and Exchange Commission a proposed public listing of 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. Fathom says it expects to make its initial confidential submission in the second quarter.
Fathom Realty CEO Josh Harley made the announcement at a recent meeting. He noted that the firm’s rapid growth has fueled the decision to go public.
Fathom, which was launched in 2010 in McKinney, Texas, made headlines in 2016 when the company awarded 100 shares of private stock to its employees as part of its benefits package.
About Fathom Realty: Fathom Realty is a national, cloud-based, full-service real estate brokerage powered by its technology platform. Fathom is dedicated to serving agents by providing the industry’s best technology, effective training, and the highest level of support. Agents enjoy a higher net income through Fathom’s flat-fee based commission splits allowing them to invest more money into growing their business. Fathom agents also earn stock grants based on their contribution to revenue and company growth.