Fathom Holdings (NASDAQ: FTHM), a holding company that primarily operates through its wholly owned subsidiary, Fathom Realty Holdings, LLC, a national, cloud-based, real estate brokerage, has closed its initial public offering (“IPO”) of 3,430,000 shares of its common stock. According to the update, each of the shares were sold at the public offering price of $10. Fathom secured gross proceeds of $34.3 million in the offering, which it intends to use for general corporate purposes, which may include financing growth, developing new services and funding capital expenditures, acquisitions and investments. The common stock began trading on the Nasdaq, under ticker symbol “FTHM,” on July 31, 2020. ROTH Capital Partners acted as sole book-running manager for the offering.
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About Fathom Holdings Inc.
Fathom Holdings Inc. is the parent company of Fathom Realty Holdings, LLC, which is a national, virtual, full-service real estate brokerage that leverages proprietary cloud-based software called IntelliAgent to operate a platform as a service model (“PaaS”) for the residential real estate industry. Fathom offers real estate professionals 100% commission, small, flat-fee transaction costs, support and training, all powered by best-in-class operational efficiencies. For more information, please visit www.FathomRealty.com.
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