Can I raise money in an IPO of my house?

Question

I am thinking of getting some cash by selling shares of my house. Can I sell shares of my house in an IPO to raise some cash for myself? It would be super cool to ring the opening bell during the IPO and be the owner of an exchange-listed house! Is it possible?

Ben Miller - Remember Monica · Accepted Answer

No, it is not possible.
An Initial Public Offering (IPO) is the process in which a privately-held corporation becomes a publicly-held corporation and gets listed on a stock exchange.  Your house is not a corporation of any sort.  It is not a business.
You could, theoretically, start a corporation that owns your house, and then sell shares of that corporation to investors.  You would then have to start paying rent to your corporation.  You will have trouble finding anyone gullible enough to buy shares of that corporation, and you would need a lot more holdings than just one house before you could even dream of being listed on a stock exchange, as the stock exchanges have minimum capitalization value requirements.

user662852 · Answer

This question had me curious if single building REITs (Real Estate Investment Trusts) are possible, and it turns out there have been several attempts at a single-building REIT with the one that got furthest planned for a $53M IPO listed as ECAV in 2014.

Answered by user662852 on April 3, 2021

Jason Rubinstein · Answer

I think an alternative answer is that, it is absolutely definitely possible. There are some legal and technical issues you may have to take into account, but there are precedents of such in other IPOs and public companies.
The real matter at hand is that the cost to go public, including legal, audit, exchange, and other fees, would be so high, it would almost never make economic sense.

Can I raise money in an IPO of my house?

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