Brokerage

HomeSmart files for IPO

Arizona-based HomeSmart today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public (IPO) offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. HomeSmart has applied to list its common stock on the Nasdaq under the ticker symbol “HS.”

Founded in 2000, HomeSmart is ranked in No. 7 largest brokerages by closed transaction sides and No. 10 by sales volume in the 2021 RealTrends 500 brokerage rankings.

According to a press release, J.P. Morgan and BofA Securities will act as lead book-running managers for the proposed offering, with Stifel and Oppenheimer & Co. as joint book-running managers. D.A. Davidson & Co. and Stephens Inc. will act as co-managers for the proposed offering. The offering will be made only by means of a prospectus.

This is an evolving story. Please check for updates.

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