Fathom Holdings (FTHM) IPO Opens 15% Higher

Today's IPO for Fathom Holdings (NASDAQ: FTHM) opened for trading at $11.50 after pricing 3,430,000 shares at $10.

The underwriter has an option to purchase up to an additional 514,500 shares of common stock (including up to 187,500 issued and outstanding shares from a selling shareholder) at the initial public offering price, less the underwriting discount, within 45 days from the date of the offering. The Company will not receive any proceeds from the sale of shares of common stock by the selling shareholder.

Roth Capital Partners is acting as sole manager of the offering.

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.

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