Who Are We And What Is Nasdaq Why Is That Important To Us

Dated: 05/24/2018

Views: 256

eXp Realty crosses $1 billion market cap on the first day of Nasdaq trading !

The virtual online brokerage made a splash against publicly traded competitors on its first day of big-league trading
   BY   EMMA HINCHLIFFEStaff Writer     MAY 21 

Image title

EXp World Holdings, the parent company of virtual brokerage eXp Realty, crossed $1 billion in market cap — still a ways off, but catching up to Re/Max’s $1.6 billion valuation — on its first day trading on Nasdaq.

At the close of markets on Monday, eXp World Holdings’ market cap stood at  $1.044 billion. The company started trading on Nasdaq Monday after applying in April to uplist from the middle-tier venture market OTCQB where it had been trading prior. Moving to Nasdaq requires greater market cap and trading volume.

“Today is a special day in our history, but also just like any other day in building a great company,” eXp World Holdings CEO Glenn Sanford said in response to a question about eXp Realty’s $1 billion milestone. 

Okc Cloud Agent

“Our team is super focused on helping our agents, and our agents are staying super focused on working with their clients. I am really excited about where things have the potential to go as we mature as an organization and continue to scale.”                                                                                                          http://okccloudagent.com

Image title

For comparison, 

Re/Max has a market cap of $1.6 billion, 

Redfin is at $1.83 billion, and 

Realogy is at $3 billion 

 eXp World Holdings’ market cap stood at  $1.044 billion at the time of this article’s publication.

Image title

EXp Realty, founded in 2009 by internet entrepreneur-turned-Keller-Williams-team-leader, Sanford, is a cloud-based brokerage that includes an entire virtual world where brokers create avatars to attend classes and network, 24/7. 

Image title

Users can create and customize their own virtual avatars in a fashion similar to massive online multiplayer games like “Second Life.”

eXp World screenshot

Credit: eXp World

Image title

EXp Realty agents earn company stock when they make deals or accomplish tasks like recruiting new agents to the brokerage — helping the company in its move to Nasdaq.

It has since expanded to 49 states, the District of Columbia and Alberta and Ontario, Canada and claims to be the largest brokerage by geographic area in North America. the company surpassed 10,000 real estate agents across North America. 

This important company milestone represents a doubling of agent count in less than seven months. Since the beginning of the year the agent base of eXp Realty has grown by more than 54 percent.

If you are curious about all the buzz that eXp is and why it is growing at rapid rates, please feel free to reach out to me and I will give you an introduction with no obligation to do anything.

 I love telling the story of eXp Realty and how it fits into my Life, It just made sense to me.  http://barbaraleatherwood.exprealty.careers/  I am "OKC CLOUD AGENT.com"

Correction: This story originally cited a source that said Re/Max’s market cap was below $1 billion, but the source did not take into account certain share ownership structure. We have since updated the story to correct it. 

Article image credited to Pedro Correa  Original Article by  Emma Hinchliffe
Additional Information and Article Photos added by  Barbara Leatherwood REALTOR, eXp Realty OKC LLC  


Blog author image

Barbara Leatherwood

As a Professional REALTOR, I am dedicated to setting the standard for leadership and customer service in the Oklahoma City Real Estate Market, Im ready to guide you through all of the decisions in th....

Latest Blog Posts

The Home Inspection Checklist: Don't Buy a House Without It

The Home Inspection Checklist: Don't Buy a House Without Itsturti/iStockA home inspection checklist is a rundown of features throughout a house that might be faulty or need fixing.

Read More

Thinking of a Fixer Upper?

BEFORE YOU TAKE THE PLUNGE WITH A FIXER-UPPER, THINK ABOUT RESALE VALUEWe’ve all watched the HGTV programs that show a run-down old house transforming into a dream home. Tackling a big

Read More

Sellers-You Choose How to Price Your Home

Sellers-Pricing Your Home is Up to YouBy Karel Murray, Our Branch, Inc. As a Seller, you determine the asking price for your property. But, pricing your home doesn't have to be difficult ifyou

Read More

HAVE YOU USED GOOGLE MAPS TO ADD VALUE? or do you use it just to find your way around?

HAVE YOU USED GOOGLE MAPS TO ADD VALUE? or do you use it just to find your way around? The Answer is Yes ~ BOTH are correct answers! If you work with Rural Properties and get a lot of questions..

Read More