Good afternoon, everyone! Excited to be here?
Hello, my name is Kristina Ayanian from the listings team here at NASDAQ, and it is truly my great pleasure to welcome you all to today’s closing celebration and celebrate reAlpha Tech Corp’s direct listing on the NASDAQ. Welcome, everyone!
Joining us today is reAlpha’s founder and chief executive officer, Giri Devanur. I’d also like to extend a warm welcome to members of the management team, board members, employees, family, friends, and all of our distinguished guests. We are so excited to have you all joining us right here at the crossroads of the world in Times Square, New York, as we get set to ring today’s closing bell.
So, I’m going to fill you guys in on a little secret we have here at NASDAQ: the louder you clap and cheer, the more green I see behind me. How about a nice big round of applause to kick things off?
reAlpha is focused on developing, utilizing, and commercializing property-focused artificial intelligence to drive efficiency, sustainability, and growth. 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, creating new avenues for growth.
A prime example of RFA’s ability to innovate is today’s launch of Gena, the first-of-its-kind tool that enhances residential property listings. Through the integration of personalized AI descriptions with Gena, reAlpha was able to synergize its existing proprietary AI model with the latest advancements in large language models to create a groundbreaking product that meets the needs of a large and growing market. Introducing Gena advances reAlpha’s long-term strategy to develop transformative PropTech solutions that have the potential to redefine the broader real estate landscape.
Giri, we know that this is a team effort, so congratulations to you, your management team, your board, and your employees who all made this possible. NASDAQ is extremely proud to partner with you, and we look forward to supporting your continued growth as a NASDAQ-listed company. Now, please join me in welcoming your founder and CEO to the podium for further remarks.
Wow, what an amazing day! Today marks an extraordinary milestone in the journey of reAlpha. Exactly three years back, we started this journey with one call to a friend, and here we are on the NASDAQ stage.
Real Estate overall is a really large market, $326 trillion globally, with opportunities as big as… well, we have so much room to grow, both organically and through strategic acquisitions as we move forward. And we are just now getting started. AI will change every product in every industry in every market and will also create a new generation of Fortune 500 companies. Real Estate is no different. We believe that AI and generative AI are the keys to solving some of the foundational problems in the real estate industry, which is fragmented and has age-old technologies. reAlpha is poised to take this massive tidal wave of opportunities that is coming our way.
Our ambition is very clear: we want to be the leaders in artificial intelligence for real estate. That’s why we picked our symbol also as AIRE. AI for Real Estate.
I want to thank Mike. Without your steadfast support and guidance, we wouldn’t have made it this far. Thank you, my friend. And I want to thank our management team, colleagues, investors, board members, advisors—everybody who has helped us come this far. And a special thank you to my family, Archana, Ashay, and Ananya, for going through this wonderful journey. A big thanks to the NASDAQ team for helping us get here and do this wonderful presentation. Thank you all, and thank everybody who is here. Without your help, we wouldn’t have made it this far. Thank you very much.
We know this is just the beginning, and we look forward to having you back to celebrate many more milestones. So to commemorate today, I’d like to present you the closing bell.