Quick answer
Rise Companies Corp is offering Class B Common Stock under Regulation A (Tier 2), the SEC exemption sometimes called a "mini-IPO," at $16.05 per share with a minimum investment of $500 initial purchase. As of October 20, 2026, the offering was open only to investors who already hold a Fundrise investment.
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At a glance
| Status | Open |
|---|---|
| Status detail | Open to existing Fundrise investors only (continuous offering since Sept 23, 2025; updated 253G2 dated Aug 20, 2026) |
| Sector | Fintech / alternative investment platform |
| Exemption | Regulation A, Tier 2 |
| Security | Class B Common Stock (non-voting) |
| Price | $16.05 per share |
| Minimum investment | $500 initial purchase |
| Valuation | Not stated by company (price set by the board) |
| Maximum offering | Up to 4,275,000 Class B shares (about $68.6 million at $16.05), within a $75.0 million rolling 12-month Reg A limit |
| Eligibility | Limited to investors who already hold a Fundrise-sponsored investment |
| Shares sold in this offering | 352,854 at $15.90 (about $5.6M) before the price change |
| Prior offering average prices | $6.64, $11.83, $15.83 per share |
| Dilution | $14.23 per share (88.69%) to new investors |
| Dividends | None anticipated |
| Voting | Class B has no voting rights |
| Offering term | Expected to continue until 3 years after initial qualification or until the maximum is sold, unless the board ends it earlier |
| Selling agent / intermediary | Self-underwritten / issuer-direct (via Fundrise platform; no selling commissions) |
| SEC qualification | 2026-08-19 |
The company
Rise Companies Corp is the operating parent of Fundrise, an online platform that sponsors and manages real estate, private credit, and venture funds for individual investors. The company reports about $3.43 billion in assets under management as of June 30, 2026, and 190 employees.
Through this ongoing Tier 2 offering, Rise sells non-voting Class B Common Stock at $16.05 per share directly on the Fundrise website and apps. Purchases are limited to people who have already invested in a Fundrise-sponsored product. Proceeds are for general corporate purposes, and the company does not expect to pay dividends.
What the company says
The following statements come from the issuer's offering circular and investor materials and have not been independently verified by RegAMagazine:
- The company says AUM grew from about $250 million at the end of 2017 to about $3.43 billion by mid-2026.
- Rise reports raising about $216.9 million across its Reg A stock offerings to date.
- The company sponsors the Flagship Fund, the Income Interval Fund, and the Innovation Fund, which trades on the NYSE.
- The company reports six-month 2026 revenue of about $33.0 million and a net loss attributable to Rise of about $7.5 million, per its Q2 2026 10-Q as summarized by a secondary source.
Questions we'd ask before investing
- How does the board justify $16.05 per share, given pro forma net tangible book value of $0.45 per share and immediate dilution of about 89%?
- What is the path to profitability, and is there any timetable for a listing or other liquidity event beyond the stated 3 to 5 year 'may consider' language?
- How do the rights of non-voting Class B shares compare with voting classes, including founders' control, on a sale or IPO?
Key risks
- Illiquidity: there is no trading market, transfers need board or CEO consent, and redemptions are available only in exceptional circumstances.
- Valuation and dilution: the price is arbitrary and well above net tangible book value. Earlier buyers paid much less, averaging $6.64 to $15.83 in prior rounds.
- Continuing losses: the company reports net losses and expects them to continue, and no dividends are expected.
- General Reg A risks apply: most Reg A securities have no trading market, the price is usually set by the issuer rather than negotiated, non-accredited investors in Tier 2 offerings are limited to 10% of the greater of annual income or net worth, and you can lose your entire investment. See our Investor Risk Guide.
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RegAMagazine has not received any compensation, in cash, securities or otherwise, from this issuer, its selling agents, or any other party in connection with this profile. RegAMagazine may accept compensation for coverage in the future; if it does, this disclosure will be updated to state the amount, form and source of that compensation.
RegAMagazine.com is an independent publication. This profile is for information only. It is not investment advice, and it is not an offer to sell, a solicitation to buy, or a recommendation of any security. Offers are made only by the issuer's SEC-qualified offering circular. Figures and statements are drawn from the issuer's offering circular, SEC filings and investor materials and have not been independently verified. Regulation A securities are speculative and usually illiquid, and you may lose your entire investment. Read the offering circular, including its risk factors, before investing.
Data as of October 20, 2026.
Sources
- Offering circular filed with the SEC (EDGAR): https://www.sec.gov/Archives/edgar/data/1640967/000110465926099152/tm2623535d1_253g2.htm
- Issuer investment page: https://fundrise.com
- SEC EDGAR full-text search for the issuer's filings: https://www.sec.gov/edgar/search/#/q=%22Rise%20Companies%22
Last verified: October 20, 2026. Offering terms change; check the sources above for current figures.
Cite this page
RegAMagazine. "Rise Companies Corp Reg A+ Offering: Terms, Risks & Profile." RegAMagazine.com, October 20, 2026. https://regamagazine.com/reg-a/rise-companies-corp/