The rise and fall of IPSX: a failed attempt to democratize real estate investment

IPSX, a new stock exchange that aimed to democratize real estate investment, ultimately failed after five years despite initial support from big names in the industry. The exchange sought to offer an alternative way for retail investors to invest in real estate by allowing building owners to list specific assets as individual REITs on the IPSX platform. However, the IPOs that took place primarily targeted institutional investors rather than retail investors. Additionally, the market lacked depth and liquidity, creating doubts about the sustainability of the venture. The exchange's financials revealed that its revenue was significantly lower than its expenses, rendering it financially unsustainable. As a result, the company announced its wind-down, with the possibility of being acquired by another party. The future of the three listed REITs on IPSX remains uncertain.