Is HomeSmart an IPO?

On January 11, 2022 – HomeSmart Holdings, an online real estate broker, filed to raise $100M in a US Initial Public Offering (IPO).

Industry Founded Based (HQ) Valuation
Real estate 2000 Scottsdale, AZ $ -

Here’s what you need to know:

What is an IPO?

When a private company or a startup first sells its shares to the general public, this process is known as an Initial Public Offering (IPO). An IPO means that a company's ownership is transferred from private ownership to public ownership. That is why the IPO process is called "going public".

Why go public? The primary benefit of going public is easier access to capital, but there are more reasons for that. If you want to learn more - here we answered frequently asked questions about IPOs in simple terms.

What is HomeSmart?

HomeSmart runs an online peer-to-peer brokerage platform for residential property sales.

Business Details and Financials Before HomeSmart IPO

HomeSmart Holdings provides integrated real estate solutions for agents, brokers, franchisees and consumers through an online platform designed to increase transaction speed, volume and operational leverage.

The company's platform offers a complete end-to-end consumer experience that connects all parties at every stage of the transaction process through virtual tours, marketing, document management and process tracking.

The tech suite also includes transaction and business management products for both brokers and agents. As of 30 September 2021, the company had more than 23,000 agents in 194 offices in 47 states.

HomeSmart Prospectus SEC S-1 form

HomeSmart Prospectus S-1

Is HomeSmart Stock Publicly Traded?

HomeSmart is a privately owned company before the IPO is completed. It belongs to founders, early investors (venture capital firms), and some employees.

But when the status changes to Completed in the calendar here, the company will become public.

HomeSmart's Key People

HomeSmart Growth

HomeSmart  has acquired 2 companies. Their most recent acquisition was Champions Real Estate Group on Jan 5, 2022.

How to Participate in HomeSmart IPO Before Shares Hit the Public Market

In the past, Initial Public Offerings as a profitable investment type were only available to big funds or elite customers of major brokerage firms or banks and it was hard (almost impossible) for retail investors to gain access to IPOs. You couldn't buy shares paying the price set by the company and you had to wait until the shares actually start trading on the public stock market.

Luckily, technologies and marketplaces changed the rules of the game, now average investors can participate in IPOs. Brokers adjusted accordingly, making access to IPOs more affordable now.

Step-by-Step Guide How to Buy HomeSmart IPO Stock at Its Offer Price

  1. Check the HomeSmart IPO details. Always Do Your Own Research (DYOR) for the company that is going for IPO first.
  2. Find a broker. You need a broker that can provide you access to the IPO. You can use our tool attached below that helps to match investors with available IPO brokers in your area. Just click "FIND IPO BROKERS" button below to see brokers that offer access to HomeSmart IPO.
  3. Check eligibility criteria. Each broker has its own eligibility criteria, like account minimum which can vary widely.
  4. Create trading account. For KYC  you need to prepare your identity document (valid passport or driving license) and a document confirming the address of residence (utility bill). Note, this procedure may take 1-3 days as it's better to prepare your account in advance.
  5. Deposit your account. To participate in an IPO, your account must have available funds in the amount you send IPO application for. Note, this procedure may take 1-3 days as it's better to prepare your account in advance.
  6. Request HomeSmart shares. Assuming you meet the requirements for participating in this IPO, your next step will be to request a certain number of shares in the IPO. Note, you may not be allocated all the IPO shares you offer to buy.
  7. Wait for allocation. The actual number of stocks purchased during an IPO depends on supply and demand. The higher underwriter reserves the right to partial execution of collective applications. So if the demand is high you may get less than you applied for. Of course, you will only pay for the shares purchased. The rest of the funds will be returned to your account.

Note: Many IPO purchases come with a lock-up period, usually 90 or 180 days. You will not be able to sell your shares until this period expires.

What Brokers Offer Access to HomeSmart IPO?

Just click the button below to check the list of available IPO brokers that can provide access to HomeSmart IPO.

How to Invest After HomeSmart IPO at Its Opening Price

The most conservative way to buy HomeSmart stock would be to wait for the IPO and buy the shares on the public stock market. You can do this through the same brokers that provide access to IPOs or a trading app. Most of them have a stock trading functionality. Though, you won’t get in at the low price offered by pre-IPO.

How is HomeSmart going public?

HomeSmart announced it will go public via a traditional initial public offering, or IPO. No SPACs here.

HomeSmart IPO Underwriters

  • J.P. Morgan
  • BofA Securities
  • Stifel
  • Oppenheimer & Co.
  • D.A. Davidson
  • Stephens Inc.

When will be the HomeSmart IPO date?

HomeSmart IPO date is May 15, 2022 (ETA)

What will be the HomeSmart IPO price?

HomeSmart IPO price range will be published here when the information is available. Stay tuned!

How many HomeSmart shares will be available for its IPO?

HomeSmart's number of shares will be published here when the information is available Stay tuned!

What Is the HomeSmart Stock Ticker Symbol?

HomeSmart stock ticker symbol is HS

HomeSmart IPO news and updates: