Mike Logozzo, CEO of reAlpha (NASDAQ: AIRE), shares how the company took a nontraditional route to IPO — skipping venture capital and raising millions directly from retail investors.
Instead of pursuing the typical VC fundraising path, reAlpha launched a Regulation A (Reg A) “mini-IPO,” raising roughly $9–9.5 million from over 3,000 retail shareholders. This approach allowed the company to fund early growth without heavy dilution — giving everyday investors access to early-stage ownership.
Logozzo highlights one of the biggest challenges of this model: providing liquidity for early shareholders before going public. Through its eventual IPO, reAlpha delivered that liquidity while validating the power of crowdfunding and community-backed finance in today’s market.
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