Linkhome Holdings Inc. (NASDAQ: LHAI), an AI-powered real estate platform, saw its stock surge an additional 6.57% in after-hours trading on Thursday, continuing its impressive momentum following a remarkable Nasdaq debut. This after-hours rally comes on the heels of an extraordinary first day of trading that saw the stock more than triple in value.
During regular trading hours, Linkhome's shares skyrocketed, opening at $6.01 and closing at $12.10, marking a staggering 202.50% increase from its initial public offering (IPO) price of $4 per share. The company's upsized $6 million IPO, which offered 1,500,000 shares of common stock, was met with robust investor enthusiasm, reflecting strong confidence in Linkhome's innovative approach to the real estate market.
Linkhome's business model, which leverages artificial intelligence and fintech to simplify and accelerate the homeownership process, has captured the attention of investors. The company's proprietary AI model, HomeGPT, combined with integrated fintech solutions, aims to streamline property transactions and make homeownership more accessible. Since its launch in 2021, Linkhome has facilitated over $185 million in aggregate gross transaction value, positioning itself as a potential disruptor in the residential real estate industry. The continued after-hours price increase suggests that investor optimism remains high, as market participants anticipate Linkhome's potential to transform the home buying and selling experience.
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