reAlpha Tech today announced that its registration statement was declared effective by the SEC. reAlpha common stock began trading today on the Nasdaq under the ticker symbol AIRE.
Shares opened at $23.01 and by early afternoon had soared to $101.30.
Maxim Group was exclusive financial advisor to the company.
reAlpha is a real estate technology company focused on developing real-estate focused artificial intelligence. Founded with a focus on short-term rental properties, reAlpha’s strategy involves developing and buying technologies aimed at democratizing access to this asset class. In addition to providing individual investors with access to short-term rentals, reAlpha plans to make some of its technologies available for commercial use on a licensing fee basis, pay-per-use basis or other fee arrangements.
reAlpha completed a Reg A offering in January, raising $8.6 million at $10 per share. Read more.
