proptech acquisition corp ipo

Rockend Technology Pty Ltd. completed the . The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. Like PropTech Investment II, TS Innovation Acquisitions Corp. is also a SPAC focusing on investments in PropTech. The lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. I wrote this article myself, and it expresses my own opinions. 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. 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). The company is led by ChairmanScott Seligman, who also serves as Chairman of The Seligman Group; CEO and CIO Brian Friedman, who currently servesas the Managing Partner of Foxhall Partners, as well as Founder and Partner at Friedman Capital; and CFO Benjamin Friedman, a former Director and Senior Trader at Citigroup Global Markets. Citi and Wells Fargo Securities are the joint bookrunners on the deal. Ming Yuan Cloud has a market share of 18.5% in terms of revenue in 2019 (Frost & Sullivan). Get them exclusively at IPO Edge. The topics covered are very close to Pi Labs and our ecosystem. S&P Global - Proptech startup Housi prepares for IPO in Brazil Contxto: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/proptech-startup-housi-prepares-for-ipo-in-brazil-8211-contxto-60225854. The Companys units are listed on the Nasdaq Capital Market (Nasdaq) and commenced trading under the ticker symbol PTACU on November 22, 2019. Type a symbol or company name. 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. The Wilson, NY-based company plans to raise $175 million by offering 17.5 million units at a price of $10. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. Type a symbol or company name. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Notably, if management sells additional Class A shares to effect a transaction and the sale price of those shares is less than $9.20 per Class A share, 'then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described below under "Redemption of warrants" will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.' My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. Use tab to navigate through the menu items. 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%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Apart from her involvement at PropTech Institute, Alicia is also a corporate lawyer and was involved in a number of notable transactions in the real estate sector including. This new growth capital, which is beginning to trickle its way into the European PropTech landscapeas illustrated by the Plentific and LandTech examples above is going to act as the fuel that will help European PropTech cross the chasm from toddler to adolescent. - 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. Only whole warrants will trade and are exercisable. Acquisitions, IPOs, and the evolution of PropTech | by Faisal Butt | Pi Labs Insights | Medium 500 Apologies, but something went wrong on our end. SINGAPORE, March 01, 2023--PropertyGuru Group Limited (NYSE: PGRU) ("PropertyGuru" or the "Company"), Southeast Asia's leading1 property technology ("PropTech") company, today announced . Separately, Paycor HCM, which offers a software-as-a-service human capital management platform . The units will be listed on the Nasdaq. 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. It was formed, like other special purpose acquisitions companies this year, to raise money in an IPO and . Item 1.01. | July 7, 2022 co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. Renaissance Capital->. Renaissance Capital->. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. Alicia is the President and Co-Founder of PropTech Institute. Murphy has 2 executives leading its sponsor, Murphy Canyon Acquisition Sponsor, LLC. 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. Terms of Use. Please. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. 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. | January 4, 2023 By applying this same growth rate to a hypothetical Series D round at some point in the future, Plentific could reach unicorn status (1 billion) in late 2023. 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. 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. 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 . We create a better ecosystem for PropTech through education, collaboration and driving change. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. These six companies have a few things in common. Investing in SPACs can be a volatile and opaque endeavor. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. 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. Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. 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. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. The SPAC . While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. 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. Copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email:[email protected]. Founder shares are 20% of the total shares and consist of Class B shares. I have no business relationship with any company whose stock is mentioned in this article. 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. According to a statement released by the two companies in January of this year, the deal has an equity value of $1.56 billion, and Latch has received approximately $453 million in cash proceeds . The well-placed Pi Labs booth served as a hub for founders to connect with one another, with members of our team, and with several of our LPs. 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. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. M&A activity has been another hot topic in PropTech this year. The SPAC seeks to merge with a company in the real estate Proptech industry. Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends toterminate their proposed merger, just a few months after their deal announcement. Copies are available on the SECs website,www.sec.gov. PROPTECH GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange Boston, MA. Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. PR Newswire: TS Innovation Acquisitions Corp. San Diego, California-based Murphy sold 13.225 million units of Class A common stock at a price of $10.00 per unit for gross proceeds of approximately $132.25 million, not including the sale of customary underwriter options. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The SPAC . 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. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. PropTech Institute is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Copy and paste multiple symbols separated by spaces. In any event, while management may find an interesting merger target, the chances of success are difficult to determine. 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. 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. 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 prospectus for the offering filed with the Securities and Exchange Commission (SEC). Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. Members of IPO Edge get the latest IPO research, news, and industry analysis. 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. More recently, TS Innovation Acquisitions Corp., closed a US$300 million IPO in November 2020. The Washington, DC-based company plans to raise $175 million by offering 17.5 million units at $10. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. Only whole warrants are exercisable and will trade. Transaction Overview Capitalworks has Viveon Health Acquisition Corp.(NYSE American: VHAQ)announced that it has signed a letter of intent (LOI) to combine with a platform focusing on cognitive care for the elderly and those withspecial needs. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. PropTech Acquisition Corporation (NASDAQ: PTAC) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. | Source: It was the first software-based Chinese PropTech firm to debut on the Hong Kong Stock Exchange this year. Intercontinental Exchange, the owner of the New York Stock Exchange, has agreed to acquire mortgage data firm Black Knight for $13.1 billion, the companies announced Wednesday. Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. 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. The article Proptech-focused SPAC Shelter Acquisition files for a $200 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. And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to focus its search on companies that provide technological innovation to the real estate industry, or PropTech. Gateway IRCody Slach Matt Glover (949) 574-3860 [email protected]. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange 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. The Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. According to a 2018 market research report in Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. As highlighted in this article, there are a number of front runners chartering ahead. It also allowed our team to meet with potential future portfolio company founders, as well as others in the wider world of PropTech. 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. 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. Written by PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 3415 N. Pines Way Suite 204 Wilson, WY 83014 However, did you know that there are already some very mature PropTech startups out there? 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. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). 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. Also, they have no prior SPAC experience, so their lack of a successful track record in these regards is notable. This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. 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. Total SPAC deal count for 2019 year-to-date is now 54 with $12.38 billion in gross proceeds raised. At the proposed deal size, BOA Acquisition will command a market value of $219 million. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. | Source: In particular, Wanda Group and China Overseas Land & Investment are among the 3,000 or so property owners that use Ming Yuan Cloud products. As a result, over the past two to three years, many promising PropTech companies have gone public to raise capital through . Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. Pi Labs is proud to have invested follow-on capital during this round. On February 23, 2023, the company notified Sagaliam that since the SPAC did not receive subscription agreement commitments before December 15, 2022, it has chosen to terminate the merger. PropTech IPOs - a case study of two recent PropTech listings, Alicia is the President and Co-Founder of PropTech Institute. - Chief Financial Officer, Adam Sragovicz, who has been the Chief Financial Officer of Presidio Property Trust and has extensive capital markets, finance and treasury management experience. Entry into a Material Definitive Agreement. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols PTAC and PTACW, respectively. Get IPO Edge with actionable research on next-generation high growth stocks. Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director. Closes $300 Million Initial Public Offering: https://www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. 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. Apart from her involvement at PropTech Institute, Alicia is also a corporate lawyer and was involved in a number of notable transactions in the real estate sector including the US$103bn merger and restructuring of Cheung Kong Holdings (HKSE: 00001) and Hutchison Whampoa Limited (one of the largest ever Hong Kong public M&A transactions) and the HK$21.5 billion privatisation of New World China Land by New World Development (HKSE: 00017). The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. Shelter Acquisitionwas founded in 2020 and plans to list on the Nasdaq under the symbol SHQAU. 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. In 2016, Pi Labs invested in Plentifics 2 million seed round, followed by a follow-on investment in their 2017 Series A. The SPAC has 18 months to complete a merger (initial business combination). The units will be listed on the Nasdaq Capital Market (Nasdaq) and will begin trading tomorrow, Friday, November 22, 2019, under the ticker symbol PTACU. Start with a 14-day Free Trial. In 2021, we also saw cross-border investment in LandTechs 42 million Series A round led by Washington DC based venture firm Updata Partners. I am not receiving compensation for it (other than from Seeking Alpha). When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. You should perform your own research for your particular financial situation before making any decisions. 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. 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.

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