Two Australian-born New Yorkers will be among the first hospitality entrepreneurs to take advantage of Barack Obama’s landmark equity crowdfunding laws, pinning their post-pandemic recovery hopes on the Big Apple’s burgeoning love affair with Aussie-style brunch.
Cafe chain Citizens has commenced a $US5 million ($6.5 million) capital raise on famed US crowdfunding platform Republic, utilised by technology titans including controversial share trading app Robinhood and Elon Musk’s SpaceX.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
