Stock market debut for company. An introduction, not an IPO. Stock up 5,000% first day of trading, falls back 82% after hours.
And the business at reAlpha?
Think through this business model for a little bit. So they’re to be hosts on AirBnb and Vacasa. We’d all tend to think that’s a market that’s possibly topping out. There’s also a significant payment due to the platforms from any rental income. They’re then going to bring in investors to part own the properties themselves, fractional ownership of the housing asset. The magic sprinkling is that they’re to use AI somewhere in this process.
So, effectively, they’re timeshare salesmen of AirBnbs. With the added AI, of course.
Mmmmm, just taste the ways this can go wrong.