If you want to invest in Pacaso stock, you won't be able to do so through a brokerage account -- at least not yet. The real estate company that was founded by two former Zillow (Z -4.54%)(ZG -5.19%) executives became popular due to its unique fractional share model for buying and selling homes. In this guide, you'll learn more about Pacaso and the closest investment options currently available.
Is Pacaso publicly traded?
Pacaso isn't publicly traded on the stock market. As such, it's not open to investment from the general public. It did have a public fundraising round in 2024, but that's now closed.
When will Pacaso IPO?
Pacaso hasn't announced or filed for an initial public offering (IPO). There's currently no way of knowing when or if Pacaso will join the list of upcoming IPOs. It could remain private or choose a different method to go public, such as through a special purpose acquisition company (SPAC). However, Pacaso reserved the ticker symbol "PCSO" on the Nasdaq exchange in May 2025, which could indicate that it intends to go public in the future.
IPO
Is Pacaso profitable?
Pacaso isn't profitable. It has lost money every year it has been in operation so far. It reported a net loss of $31.4 million in 2024, and 2025 is looking even worse. Over the first six months of the year, Pacaso reported a net loss of $22.3 million.
Alternatives to Pacaso stock
While you can't invest in Pacaso stock directly, you can invest in stocks for publicly traded companies with similarities in their business models. Here are three options to consider.
Airbnb
Airbnb (ABNB -2.66%) pioneered the idea of vacation rentals through a "home-sharing" model, and that's still its biggest revenue driver, although it has also branched out into experiences and in-home services. Like Pacaso, Airbnb takes an innovative approach to real estate. Property owners put their homes, apartments, or spare rooms on Airbnb to make passive income. Travelers can rent places to stay on Airbnb instead of staying in hotels.
ETFs with exposure to Pacaso
You won't find exchange-traded funds (ETFs) with direct exposure to Pacaso, but there are plenty of real estate ETFs. Here are a few to check out:
- The Vanguard Real Estate ETF (VNQ -0.14%) is a broad option that invests in REITs and other real estate companies. It holds more than 150 stocks and charges a low expense ratio of 0.13%.
- The Nuveen Short-Term REIT ETF (NURE -1.47%) invests in REITs with short-term lease agreements, making it a good choice if you like that part of the real estate market. It holds more than 30 stocks and charges an expense ratio of 0.35%.
- The iShares MBS ETF (MBB +0.30%) invests in mortgage-backed securities issued or guaranteed by U.S. government agencies. It holds more than 11,000 securities and charges an expense ratio of just 0.04%.
Related investing topics
The bottom line on Pacaso
The closest you can get to buying Pacaso stock is investing in real estate companies, particularly those that take a unique approach. You can also sign up for Pacaso's email list to get a notification if it decides to conduct another public funding round.
It wouldn't be a surprise to see Pacaso go public in the next few years, considering it has reserved a ticker symbol. However, even if the option to invest in Pacaso stock becomes available, a cautious approach is recommended.
Pacaso's recent financial statements don't look great, especially the lack of revenue growth. In addition, the idea of co-owning a luxury home is similar to owning a timeshare -- usually considered to be a poor investment. The fact that Pacaso opened a funding round to the public could also be a sign that interest from private equity is drying up. The idea may catch on, but for now, the jury's still out.
FAQ
Investing in Pacaso FAQ
About the Author
