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reAlpha Tech Priced, Nasdaq: AIRE

Operates short-term rental properties and a related investment platform.

Industry: Real Estate

Latest Trade: $1.10 +0.02 (+1.9%)

First Day Return: +3966.7%

Return from IPO: -89.2%

Industry: Real Estate

We are an early stage company with a mission to develop and utilize our artificial intelligence focused technology stack to empower retail investor participation in short-term rental properties, which are real estate units listed for a rental term of 31 days or less. Our business model is built around providing retail investors with the opportunity to participate in short-term rental properties we will acquire by offering interest in each property portfolio. We intend to make that opportunity available pursuant to exempt offerings directed at those retail investors through syndications. We are focusing on the short term rental industry since it is highly fragmented and is ideal for consolidation from both a real estate and technology and artificial intelligence perspective. To implement our business model, we plan to acquire properties that satisfy our internal Investment Criteria (Target Properties). Then, if needed, we renovate the Target Properties, prepare them for rent, list them on short-term rental sites and arrange for the Target Properties to be managed, internally or through third-parties. Eventually, we expect such management of the Target Properties will be beneficial for the Company as well as the investors that acquire minority interests through syndications (or through a real estate investment trust, as applicable).
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IPO Data
IPO File Date 04/18/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 4.2
Deal Size ($mm) $0
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/23/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 4.2
Deal Size ($mm) $0
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters Dublin, OH, United States
Founded 2021
Employees at IPO 17
Website www.realpha.com

reAlpha Tech (AIRE) Performance