eXp Realty’s culture of collaboration and shared ownership has allowed the company to scale at a breakneck pace that has been previously unseen by clunky, brick-and-mortar-competitors, and on May 21, the first agent-owned, cloud-based brokerage hit yet another milestone in its relatively short but storied history.
eXp World Holdings, the holding company for eXp Realty, began trading on NASDAQ under the ticker symbol EXPI, and its entry was a billion-dollar day. By crossing $1 billion in market cap on the day it started trading, the disruptors of the traditional real estate brokerage model surpassed the value of national brokerage Re/Max, which has a market cap of $944 million.
For eXp Holdings CEO Glenn Sanford, though, it can almost be chalked up as just another day.
As the co-founder of eXp Realty, Brian Culhane shares the sentiment of his long friend and partner and looks forward to continuing the forward progress by ushering new brokers, agents, and teams into the future of real estate.