CorpHousing Group, a leading provider of short-term rentals under the SoBeNY consumer brand, saw its shares begin trading Aug. 12 on the Nasdaq Capital Market. The company hopes to generate $13.5 million in gross proceeds, as the initial public offering would be for more than 3.3 million shares at $4 per share. CorpHousing Group provides the public with short-term rentals of both single and multifamily units, including furnished apartments. It currently has rentals in such markets as Boston, Denver, Los Angeles, Miami, New York, and Seattle among other locations. The Nasdaq Capital Market is geared for emerging companies that have smaller market caps.
Skift (08/12/22) Dennis Schaal