By Josh Beckerman | MarketWatch
Shares of reAlpha Tech surged in their Nasdaq debut following a direct listing, recently trading at $204, compared with a $23.01 opening price.
The company seeks to “democratize access to short-term rental investments,” with artificial intelligence technology called reAlphaBRAIN that helps identify properties that are likely to yield high returns.
In an April securities filing, reAlpha said that the sector has “significant barriers to entry for the average individual and lucrative returns are currently mainly realized by private equity firms and larger-scale developers.”
