Janover, a Republic portfolio company, has listed its shares on the Nasdaq (JNVR).
In a Tweet, Republic promoted the capital gains investors on their platform received touting an almost 200% return in three years.
Congratulations to our portfolio company Janover Inc. for their #IPO and listing on NASDAQ! 🎉 And congratulations to our investors who invested in Janover! 🥳
What is your best investment? 👀
*Valuation at the time of IPO pic.twitter.com/rWEE46SFk6
— Republic (@joinrepublic) July 26, 2023
Janover, a micro-cap, priced its shares at $4/each, seeking proceeds of $5.65 million, according to a company statement.
Janover is an online marketplace that aims to connect commercial property borrowers and lenders. The peer-to-peer platform provides financing or refinancing for builders and purchasers for commercial real estate and multi-family.
Janover raised over $700,000 in a Crowdsafe on Republic, issued under Reg CF, in 2020. The security had a valuation cap of $20 million.
Currently, Janover reports over $166 billion in “transactions processed.” The S-1 filing reports that for the six months ended June 30, 2022, revenues were $1,166,466 with a net loss of $1,263,757.
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