When is the bigger pockets IPO?

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When is the bigger pockets IPO?

David RobertsonBusiness Member
Flipper/Rehabber · Kansas City, MO · Member since 2010 · 757 posts · 779 votes

With the IPO craze that has recently overtaken the stock market, (Linkedin, Pandora, Zillow, etc) is it only a matter of time before we see a Bigger Pockets IPO?

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Joshua D.Pro Member
BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
15y

We are actually in the process (its all in the hands of the lawyers at this point) of some corporate restructuring to make it possible to bring investors in, Joel. I believe that at some point in the next 2 weeks that should be complete and I will begin to engage some serious conversations at that point.

I believe that BiggerPockets is well positioned to grow dramatically with the influx of some working capital - my vision for the future of this company is very cool - and I am excited about the possibility of working with a much larger budget in the not too distant future. That said, we don't presently have any outside investors.

Again, this is not a solicitation for money

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  • Mitch Kronowit
    SFR Investor · Orange County, CA · Member since 2009 · 1k+ posts · 1k+ votes
    15y

    Current members get first rights of refusal! ;-)

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  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    15y

    That's what I'm talking about! What did Zillow raise today, $70 mm? I'll take 1/10 of that and do things that no one knew was possible . . . (BTW - to any authorities reading this thread, this is not a solicitation :wink: )

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  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    15y

    So Josh on a serious note will you ever go public and sell stock in the company??

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  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    15y

    We are actually in the process (its all in the hands of the lawyers at this point) of some corporate restructuring to make it possible to bring investors in, Joel. I believe that at some point in the next 2 weeks that should be complete and I will begin to engage some serious conversations at that point.

    I believe that BiggerPockets is well positioned to grow dramatically with the influx of some working capital - my vision for the future of this company is very cool - and I am excited about the possibility of working with a much larger budget in the not too distant future. That said, we don't presently have any outside investors.

    Again, this is not a solicitation for money

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  • James Hiddle
    Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    15y

    I can just see the BP stock trading on the NASDAQ at $250,000 a share :mrgreen:

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  • Jake Kucheck
    Residential Real Estate Agent · Costa Mesa, CA · Member since 2008 · 1k+ posts · 380 votes
    15y

    James brings up a really good point.

    Please, please, please be sensible in choosing your ticker, Josh. Nothing that could be even remotely confused with British Petroleum.

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  • Bryan Hancock
    Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    Keep Joel in mind for helping you with your structure to raise money Josh. I'm looking forward to learning more about it!

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  • Mitch Kronowit
    SFR Investor · Orange County, CA · Member since 2009 · 1k+ posts · 1k+ votes
    15y
    Originally posted by Jake Kucheck:
    Please, please, please be sensible in choosing your ticker, Josh. Nothing that could be even remotely confused with British Petroleum.

    The NASDAQ allows 4 letters, correct? How about BIGP? :-)

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  • Bryan Hancock
    Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
    15y

    MKCH for "make cash."

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  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    15y

    Don't get ahead of yourselves . . . I've been slow and methodical about things up until now and I'm not rushing into anything going forward. That said, at some point going forward, we will certainly be going forward with a capital raise.

    I do love the enthusiasm and support, though. Thanks, guys!

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  • James Hiddle
    Altus, OK · Member since 2008 · 2k+ posts · 690 votes
    15y
    Originally posted by Mitch Kronowit:
    Originally posted by Jake Kucheck:
    Please, please, please be sensible in choosing your ticker, Josh. Nothing that could be even remotely confused with British Petroleum.

    The NASDAQ allows 4 letters, correct? How about BIGP? :-)

    Problem with that ticker name is that every time I read it I feel like I have to go to the bathroom badly.

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