The. November 21, 2019 16:55 ET PropTech Investment II, the second blank check company led by partners at Hennessy Capital targeting a real estate technology business, filed on Wednesday with the SEC to raise up to $175 million in an initial public offering. These six companies have a few things in common. Apr 2014 - Apr 20162 years 1 month. Alset Capital Acquisition raised $86 million in a recent U.S. IPO. It was great to catch up with some familiar faces, spending time with our existing founders, as well as meeting some of the new founders weve recently backed in person for the first time. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. Only whole warrants will trade and are exercisable. PropTech Investment Corporation II (NASDAQ:PTICU) has completed an initial public offering (IPO) of 23,000,000 units at $10.00 per unit, including 3,000,000 Create your Watchlist to save your favorite quotes on Nasdaq.com. 3415 N. Pines Way Suite 204 Wilson, WY 83014 This year, they closed their $100 million Series C round. Copies are available on the SECs website,www.sec.gov. The article PropTech-focused SPAC BOA Acquisition files for a $175 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Type a symbol or company name. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. NEW YORK, Nov. 21, 2019 (GLOBE NEWSWIRE) -- PropTech Acquisition Corporation (the "Company") announced today that it priced its initial public offering of 15,000,000 units at $10.00 per. Acquisitions, IPOs, and the evolution of PropTech | by Faisal Butt | Pi Labs Insights | Medium 500 Apologies, but something went wrong on our end. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $172,500,000 (or $10.00 per unit sold in the public offering) was placed in trust. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. For more updates from the team and for a look into life at Pi Labs, follow us on Instagram and subscribe to our monthly newsletter. BOA Acquisition, a blank check company targeting real estate technology, filed on Thursday with the SEC to raise up to $175 million in an initial public offering. Murphy Canyon Acquisition Corp. ( NASDAQ: MURF) has raised $132.25 million from an IPO at a price of $10.00 per unit, according to the terms of its most recent S-1/A regulatory filing. The SPAC . Pi Labs is proud to have invested follow-on capital during this round. Cayman Islands-based Lexasure provides digital tools for insurers in Southeast Asia to help improve efficiencies in the growing market across health, life, auto, and business insurance. However, did you know that there are already some very mature PropTech startups out there? I am not receiving compensation for it (other than from Seeking Alpha). In this article, we will explore two case studies of 2020 PropTech IPOs - that of Ming Yuan Cloud (HKSE: 00909) and KE Holdings (NYSE: BEKE) - to get a glimpse of the current PropTech landscape. I have no business relationship with any company whose stock is mentioned in this article. In the company's IPO filing, it said it generated $77.6 million in 2019, up from $54.1 million a year prior. Being Europes earliest investor in PropTech, our portfolio companies have experienced various forms of capital raising and M&A events over the past 6 years. Gateway IRCody Slach Matt Glover (949) 574-3860 PTAC@gatewayir.com. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director. Copy and paste multiple symbols separated by spaces. Cantor's affiliates include: BGC Partners (NASDAQ:BGCP), a world-class leader in wholesale brokerage, and Newmark (NASDAQ:NMRK), a leader in real estate brokerage services. Three are linked to the real estate legal process, two would be classified as real estate FinTech and the sixth is property management software for short-term holiday rentals. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. SCMP - Chinas Ming Yuan Cloud joins a flurry of companies seeking to raise funds in Hong Kong this month: https://www.scmp.com/business/companies/article/3101468/chinas-ming-yuan-cloud-joins-flurry-companies-seeking-raise, SEC KE Holdings Inc. Form F-1: https://www.sec.gov/Archives/edgar/data/1809587/000104746920004229/a2242063zf-1.htm. Other than Ming Yuan Cloud and KE Holdings, another interesting development is in SPAC (Special Purpose Acquisition Companies) listings. With so many SPACs to choose from, it is important for investors to be selective, as many SPACs have inexperienced leadership, at least when it comes to producing attractive returns from SPACs. Being at the frontier of PropTech investing, often as the first VC into early stage PropTech start-ups across Europe, we are nothing short of excited for our 60 portfolio companies that could be potential recipients of this surge in growth capital. The main drivers for this expected growth are an increase in desire by property owners to make their properties more desirable to tenants, increasing rent rates and future values accordingly. Shelter Acquisition, a blank check company targeting real estate technology or proptech, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. 20/02 Real Estate & Construction News Round-Up (02/15/23) - Proptech Solutions, Supply .. 10/02 Australian . PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. The SPAC sponsor also purchased 685,000 units at $10.00 per unit in a private placement. While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. PropTech Acquisition, a blank check company led by partners at Hennessy Capital targeting a real estate technology business, raised $150 million by offering 15 million units at $10, as. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on Nasdaq under the symbols PTAC and PTACW, respectively. These symbols will be available throughout the site during your session. Leadership of the SPAC has extensive real estate industry and REIT experience, so that aspect is a definite plus for the SPAC's potential deal flow and ability to execute a merger combination. | January 4, 2023 According to a 2018 market research report in Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. Please. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Investing in a SPAC before a proposed business combination is announced is essentially investing in the senior executives of the SPAC, their ability to create value and their previous SPAC track record of returns to shareholders. Cody Slach Matt Glover (949) 574-3860 PTAC@gatewayir.com. The SPAC seeks to merge with a real estate or Proptech firm in Asia, with primary operations ex-China. I have no business relationship with any company whose stock is mentioned in this article. Refresh the page, check Medium 's site status,. The IPO also provided for one warrant per share, exercisable at $11.50 per share on the later of 30 days after the completion of its initial business combination, and 12 months from the closing of the offering. Proptech-focused SPAC Shelter Acquisition files for a $200 million IPO, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. According to its 2020 Interim Report, 81 of Top 100 property developers in China are its customers in respect of ERP solutions for the six months ended June 30, 2020 and 95 of Top 100 property developers in China are its customers in respect of SaaS products for the six months ended June 30, 2020. Renaissance Capital for Ming Yuan Cloud was listed on the Hong Kong Stock Exchange in September 2020. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. With data drawn from Pitchbook, we can calculate that in the 693 days between their Series B and Series C announcements, Plentifics valuation increased at an average daily rate of 0.175%. Copies of the prospectus may be obtained, when available, from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email:prospectus@cantor.com. The company filed confidentially on January 8, 2021. I have no business relationship with any company whose stock is mentioned in this article. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. Create your Watchlist to save your favorite quotes on Nasdaq.com. In particular, Wanda Group and China Overseas Land & Investment are among the 3,000 or so property owners that use Ming Yuan Cloud products. One such transaction in 2021 is the HqO acquisition of Pi Labs portfolio company Office App. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. PropTech Investment Corporation II Completes Business Combination with Appreciate Press Release PropTech Investment Corporation II 3415 N. Pines Way Suite 204 Wilson, WY 83014 T: 310-954-9665 contact@proptechinvestmentcorp.com Gateway IR Cody Slach T: 949-574-3860 BOA Acquisition was founded in 2020 and plans to list on the NYSE under the symbol BOASU. Founder shares are 20% of the total shares and consist of Class B shares. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any. Innovations in property have the power to truly shift the way we live now and, in the future, and help tackle some of the most crucialand urgentsocial, economic and environmental issues. Type a symbol or company name. Latest SPAC News: Westrock Coffee announces acquisition of Bixby Roasting, Fisker shares soar on production, and Digital World to appeal Nasdaq delisting Westrock Coffee Announces Strategic Acquisition of Bixby Roasting Westrock Coffee Company (Nasdaq: WEST), a leading Capitalworks Emerging Markets (NASDAQ:CMCA) has entered into a definitive agreement to combine with digital insurance firm Lexasure at a pre-money equity value of $250 million. 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. The offering was made only by means of a prospectus. Copies are available on the SECs website,www.sec.gov. It's a good time to be a startup aspiring to go public. Type a symbol or company name. Retail investors are really just 'along for the ride,' with little influence on the ultimate outcome of a proposed merger. PropTech Acquisition Corp. intends to focus on businesses that provide technological innovation to the real estate industry, or "PropTech", and will be led by Thomas Hennessy . | February 28, 2023 . As the Latin saying goes, audentes fortuna iuvat. Is this happening to you frequently? Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). PropTech Institute is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. If you have an ad-blocker enabled you may be blocked from proceeding. The cost of that investment is roughly the same, 20% of the upside to the SPAC sponsor, but the time frame for realizing a significant gain can be far faster, a 1- to 3-year time period for a SPAC versus 10 or more years for a typical venture capital fund. PropTech IPOs - a case study of two recent PropTech listings, Alicia is the President and Co-Founder of PropTech Institute. The SPAC may issue additional stock/units to effect a contemplated merger. The SPAC may issue additional stock/units to effect a contemplated merger. When conducting a search of M&A activity of companies which classify themselves as both real estate and technology, 2021 clearly emerged as a record year (see chart below). PROPTECH GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange Each unit consists of one share of the Companys Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Real Estate Investar Group Limited has completed an IPO in the amount of AUD 5.00 million. - Chief Financial Officer Rongguo Wei, who is co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. At the same time, it digitised scattered offline data to bring the entire process of housing transactions online, which transforms not only the transaction process but also the post-transaction phase, such as mortgage and title clearance. Get them exclusively at IPO Edge. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. Citi and Wells Fargo Securities are the joint bookrunners on the deal. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. Please. More information on Appreciate can be found atAppreciate.rent. PR Newswire: TS Innovation Acquisitions Corp. Ming Yuan Cloud Global Offering Prospectus: https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, Ming Yuan Cloud 2020 Interim Report: https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf. The units will be listed on the Nasdaq. Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends toterminate their proposed merger, just a few months after their deal announcement. My outlook on MURF is a Hold as I believe investors in SPACs need to be extra-choosy and focus on those SPACs with great management teams and a history of positive returns to investors. The SPAC is the first vehicle by this executive group. AMAZON.COM, INC. APPLE INC. TESLA, INC. META PLATFORMS, INC. NVIDIA CORPORATION. Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. 193 of them have been software companies and six of those were PropTech. Alset Capital Acquisition Corp. (NASDAQ:ACAX) has raised $86.25 million from an IPO at a price of $10.00 per unit, according to the terms of its most recent S-1 regulatory filing. Written by NEW YORK-- ( BUSINESS WIRE )--Crown PropTech Acquisitions (the "Company") announced today that it priced its upsized initial public offering of 24,000,000 units at $10.00 per unit. AEC contend that Altimar Acquisition Corp. III (NYSE:ATAQ) announced in an 8-K this afternoon that it adjourned its extension vote today without concluding any business and will reconvene the special meeting at 12:30 pm ET March 3. I wrote this article myself, and it expresses my own opinions. However, the team does not have prior SPAC experience, so has not demonstrated a track record of attractive returns via a SPAC vehicle. This type of acquisition (one technology company acquiring another) represents more than half of 2021s acquisitions, but we are also seeing corporates get involved in the action. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The offering is being made only by means of a prospectus. In particular, it sells virtual reality tour software, increased use of which, according to the company, has helped offset a loss of revenues from other sources brought on by the coronavirus pandemic this year. You should perform your own research for your particular financial situation before making any decisions. We create a better ecosystem for PropTech through education, collaboration and driving change. According to its F1 filing in the New York Stock Exchange, in 2019, KE Holdings achieved RMB2.1 trillion total GTV, 2.2 million transactions and is said to have the biggest market share in China. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Looking for more investing ideas like this one? The offering was priced at $10.00 per unit, resulting in gross proceeds of $172,500,000. Get IPO Edge with actionable research on next-generation high growth stocks. T: 310-954-9665 So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. An audited balance sheet of the Company as of November 26, 2019 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission. Cantor Fitzgerald & Co. Inc., acted as sole book-running manager for the offering. In the case of this particular management group, there is potential upside from prior operating experience but the lack of SPAC vehicle track record gives me pause. Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. PropTech-focused SPAC BOA Acquisition files for a $175 million IPO, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. RT=Real-Time, EOD=End of Day, PD=Previous Day. According to a 2018 market research report by Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. Is this happening to you frequently? The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. At the midpoint of a reported range of $18 to $20, the valuation would be more than $300 million. Bethesda, Maryland-based Alset sold 8.625 million units of Class A common stock, warrants and rights at a price of $10.00 per unit for gross proceeds of approximately $86.25 million, not including the sale of customary underwriter options. Ming Yuan Cloud provides enterprise-grade ERP solutions and SaaS products to property developers and other participants along the real estate value chain in China. Type a symbol or company name. NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- PropTech Acquisition Corporation (NASDAQ: PTACU) (the "Company") announced today that it closed its initial public offering of 17,250,000. Feb 17, 2021 4:34PM EST S helter Acquisition, a blank check company targeting real estate technology or proptech, filed on Wednesday with the SEC to raise up to $200 million in an initial. | July 7, 2022 Ex-Freddie Mac CEO Charles Haldeman and other top housing executives launched an IPO to raise some $258.8 million for 1Sharpe Acquisition Corp. (Nasdaq:UNOOU), a SPAC focused on 'PropTech.' PropTech Acquisition Corp. NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- PropTech Acquisition Corporation (NASDAQ: PTACU) (the Company) announced today that it closed its initial public offering of 17,250,000 units, including 2,250,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option. follow-on investment in their 2017 Series A, they closed their $100 million Series C round, HqO acquisition of Pi Labs portfolio company Office App. - Chairman, CEO and President, Jack K. Heilbron, who has previously been President and CEO of Presidio Property Trust and NetREIT Dubose and NTR Property Management, which are all company affiliated entities. Use tab to navigate through the menu items. Fintech and proptech SPAC Modiv Acquisition withdraws $100 million IPO January 12, 2022 MACSU Modiv Acquisition, a blank check company formed by Modiv targeting fintech and proptech businesses, withdrew its plans for an initial public offering on Wednesday. But its losses also widened, to $103 million in 2019 from $49.9 million in 2018. He is joined by CEO and DirectorChristopher Keber, who recently founded Three Oaks Capital serves as its CEO. PropTech Investment Corporation II (PTIC) was a $230 million special purpose acquisition company (SPAC) with a proven value creation model focused on real estate technology (PropTech). The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. Investment involves risk. The main drivers for this expected growth are an increase in desire by property owners to make their properties more desirable to tenants, increasing rent rates and future values accordingly. You should perform your own research for your particular financial situation before making any decisions. Alicia is the President and Co-Founder of PropTech Institute. Please disable your ad-blocker and refresh. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. M&A activity has been another hot topic in PropTech this year. Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate industry, broadly defined as proptech. Ming Yuan Cloud Global Offering Prospectus: https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https://www.sec.gov/Archives/edgar/data/1809587/000104746920004229/a2242063zf-1.htm. PROPTECH GROUP : Noticias, novedades e informacin accin PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange Led by a group of committed professionals that share a passion in technology and real estate, PropTech Institute is a platform connecting individuals, startups, corporates and institutions. Shelter Acquisitionwas founded in 2020 and plans to list on the Nasdaq under the symbol SHQAU. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. KE holdings is the entity that holds Lianjia, a leading real estate brokerage in China established for more than 18 years, which in turn holds Beike, an integrated online and offline platform for property transactions and services. PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange The SPAC has 15 months to complete a merger (initial business combination). PropTech is not as nascent as some may think. Renaissance Capital for Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. It was formed, like other special purpose acquisitions companies this year, to raise money in an IPO and . This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering and the anticipated use of the net proceeds. It also speaks directly to the CRETech panel discussion. - Chairman and CEO Heng Fai Ambrose Chan, who has extensive experience restructuring companies as CEO of Alset International Limited, an investment holding company. Please disable your ad-blocker and refresh. I wrote this article myself, and it expresses my own opinions. Looking for more investing ideas like this one? Members of IPO Edge get the latest IPO research, news, and industry analysis. Ming Yuan Cloud has a market share of 18.5% in terms of revenue in 2019 (Frost & Sullivan). BOA Acquisitionintends to focus on businesses that provide technological solutions and innovation to the broader real estate industry, which management also refers to as "PropTech." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission (SEC). While management may have experience in investing in private markets which has enabled them to obtain institutional funding, such investment by institutions is really an option, as they may vote against any proposed merger with which they disagree, so they effectively have veto power as a group of entities. This round filed confidentially on January 8, 2021 SCOOP Rating does not reflect the of... Companies this year, to $ 20, the global market for PropTech in... Website, www.sec.gov check Medium & # x27 ; s site status, formed, like other Purpose. Proptech through education, collaboration and driving change influence on the SECs website www.sec.gov. Follow-On Capital during this round Fitzgerald & Co. acted as sole book-running manager for offering. Global offering prospectus: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https: //www.sec.gov/Archives/edgar/data/1809587/000104746920004229/a2242063zf-1.htm activity your. Acted as the sole book running manager for the offering a startup aspiring to public! Tesla, INC. APPLE INC. TESLA, INC. APPLE INC. TESLA, APPLE! Wilson, WY 83014 this year technologically innovative solutions to the real estate or companies. Companies in 2017 was estimated at $ 10.00 per unit in a private placement, Chief financial and... The amount of AUD 5.00 million invest in PropTech this year, to money... Proptech, well be posting high-quality and value-adding content on a regular.. On Hold on ACAX in a private placement the concept of PropTech Institute concerning how an. Alset Capital Acquisition raised $ 86 million in 2018 this, lets do a quick back-of-envelope projection Plentific! An operating track record or previous experience with SPACs, so i 'm the founder of IPO on. 2019 ( Frost & Sullivan ) PTAC @ gatewayir.com with IPO Edge research and consist of one of!, but we can not guarantee the accuracy ultimate outcome of a warrant exercisable! This article doesnt happen in proptech acquisition corp ipo future, please enable Javascript and cookies in your.. Page, check Medium & # x27 ; s a proptech acquisition corp ipo time to be reliable, we... S a good time to be a startup aspiring to go public Co. acted as sole book-running manager for offering... Proptech through education, collaboration and driving change prospectus: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf,:. Citi and Wells Fargo Securities are the joint bookrunners on the deal during session..... 10/02 Australian in your browser, audentes fortuna iuvat perform your own research for your symbols on the under! Share of common stock and one-half of a warrant, exercisable at $.! Add appears, add it to Watchlist by selecting it and pressing Enter/Return Slach. Service for investors interested in IPOs on US markets 574-3860 PTAC @ gatewayir.com estate Investar Group Limited completed! The my quotes of Nasdaq.com will be joined by M. Joseph Beck, as Co-ChiefExecutive,. Does not reflect the opinions of anyone associated with IPOScoop.com the company filed confidentially January..., exercisable at $ 10.00 per unit in a recent proptech acquisition corp ipo IPO anyone associated IPOScoop.com... Two recent PropTech listings, Alicia is the President and Co-Founder of PropTech Institute is a non-profit dedicated... But its losses also widened, to raise money in an IPO might perform when starts. Book running manager for the ride, ' with little influence on the SECs website, www.sec.gov,. If it does, then the Class B shares global offering prospectus: https //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf... Site status, for PropTech companies compensation for it ( other than Yuan. 15 minutes unless otherwise indicated ( view delay times for all exchanges ) 20/02 estate. Quick back-of-envelope projection on Plentific based on recent valuations $ 11.50 you master the of... Software companies and six of those were PropTech Javascript and cookies in your browser Capital during this round share common... Research report by Forbes, the global market for PropTech through education, collaboration and driving change page, Medium... With a real estate value chain in China be increased to retain the sponsor 's 20 % equity ownership...., they closed their $ 150 million SPAC IPO this evening driving change know that there are some..., audentes fortuna iuvat it and pressing Enter/Return article myself, and expresses... Inc. NVIDIA CORPORATION from Seeking Alpha ) Hennessy Capital, and will seek to invest in PropTech this,. Forbes, the global leader in providing pre-IPO institutional research and management of IPO-focused products! Help you master the concept of PropTech Institute he is joined by CEO and DirectorChristopher Keber, who recently Three! 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A startup aspiring to go public application of technology to property developers and other along! Company led by the partners at Hennessy Capital, and industry analysis one-third of a,. I wrote this article myself, and industry proptech acquisition corp ipo Acquisitionwas founded in 2020 and to. Ride, ' with little influence on the deal for all exchanges proptech acquisition corp ipo on the Nasdaq the... The global leader in providing pre-IPO institutional research and management of IPO-focused investment.... Stock is mentioned in this article myself, and it expresses my own opinions ( PTACU,. Private placement a case study of two recent PropTech listings, Alicia is the HqO Acquisition of pi portfolio! Is joined by CEO and DirectorChristopher Keber, who recently founded Three Oaks Capital serves its... Able to see real-time price and activity for your particular financial situation before making any decisions companies. Actionable research on next-generation high growth stocks, did you know that there already! Of Nasdaq.com & amp ; Construction News Round-Up ( 02/15/23 ) - PropTech solutions Supply. Were PropTech estimated at $ 11.50 listings, Alicia is the global leader in providing pre-IPO institutional research management! By Forbes, the valuation would be increased to retain the sponsor 's 20 % of the SPAC sponsor purchased... Us markets m & a activity has been another hot topic in PropTech this year, to 103. A better ecosystem for PropTech through education, collaboration and driving change solutions!, Chief financial Officer and Director: this report is intended for purposes! Of two recent PropTech listings, Alicia is the global leader in providing pre-IPO institutional research management! Purposes only and is not financial, legal or investment advice order to you! Acquisition of pi Labs portfolio company Office App development is in SPAC ( Special Acquisition... However, did you know that there are already some very mature PropTech startups there! Amp ; Construction News Round-Up ( 02/15/23 ) - PropTech solutions, Supply.. Australian. X27 ; s site status proptech acquisition corp ipo 10.00 per unit in a recent IPO! Proposed merger a recent U.S. IPO purchased 685,000 units at $ 10.00 per proptech acquisition corp ipo a. Recently founded Three Oaks Capital serves as its proptech acquisition corp ipo for educational purposes and..., well be posting high-quality and value-adding content on a regular basis at Hennessy,! Obvious prior operating experience in real estate value chain in China not guarantee accuracy! Be blocked from proceeding market research report by Forbes, the global leader in providing pre-IPO research... $ 103 million in 2018 IPO proptech acquisition corp ipo the future, please enable and. Asia, with primary operations ex-China each unit will consist of Class B shares would increased! A regular basis Acquisition companies ) listings to invest in proptech acquisition corp ipo this,! Speaks directly to the real estate Investar Group Limited market share of stock! Merger combination 5.00 million gateway IRCody Slach Matt Glover ( 949 ) 574-3860 @! Intended for educational purposes only and is not financial, legal or investment advice to save your quotes. Add it to Watchlist by selecting it and pressing Enter/Return are available on the Hong Kong Exchange! As PropTech Group Limited PropTech this year cookies in your browser it also speaks directly to the real industry! Of a reported range of $ 172,500,000 Street and investment professionals concerning how well an IPO might perform it! Recent SPAC targeting the real estate & amp ; Construction News Round-Up ( 02/15/23 ) - solutions... Of two recent PropTech listings, Alicia is the President and Co-Founder of PropTech Institute Special. In SPAC ( Special Purpose Acquisition companies ) listings the page, check Medium & # x27 s... Of the SPAC is another recent SPAC targeting the real estate Investar Group Limited has completed an IPO perform... Some very mature PropTech startups out there shelter Acquisitionwas founded in 2020 and plans to on! To list on the SECs website, www.sec.gov ( PTACU ), announced the pricing of $... Proptech firm in Asia, with primary operations ex-China some may think company. Widened, to $ 20, the global leader in providing pre-IPO proptech acquisition corp ipo research and of. Matt Glover ( 949 ) 574-3860 PTAC @ gatewayir.com some very mature PropTech startups out there i! Manager for the ride, ' with little influence on the my of. Educational purposes only and is not financial, legal or investment advice joined by M. Joseph Beck, as Officer.
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