BrokerageIndustry News

Iggys House seeks IPO

Company reveals aggressive expansion plans

Managers for Chicago-based Iggys House Inc., a company that offers free multiple listing service exposure for home sellers and deep discounts for buyers through its BuySide Realty subsidiary, are planning to take the business public. In a report filed last month with the U.S. Securities and Exchange Commission, Iggys House announced plans to list its stock on the NASDAQ under the symbol "IGGY," with a maximum total offering price of $15 million. The company also operates California-based BuySide Mortgage Corp. and Loan Concepts Inc., and has announced plans to enter the title insurance business and to offer flat-fee and referral real estate services. This is not the first IPO for brothers Joseph and Avi Fox, the founders of BuySide Realty and Iggys House. In 1996 the duo created online stock brokerage company Web Street Securities, took that company public in 1999 and sold it to E-Trade two years later. ZipRealty, a real estate brokerage company launched in 1999 that offers discounted ...