proptech acquisition corp ipo

About 81.4% of the companys outstanding shares participated in the meeting, so turnout was not an issue, but it appears that Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 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. You should perform your own research for your particular financial situation before making any decisions. Get them exclusively at IPO Edge. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. Market Data copyright 2023 QuoteMedia. 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. It was the first software-based Chinese PropTech firm to debut on the Hong Kong Stock Exchange this year. 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). The SPAC . On November 26, 2019, PropTech Acquisition Corporation consummated its initial public offering of 17,250,000 units , including. Gateway IRCody Slach Matt Glover (949) 574-3860 PTAC@gatewayir.com. Founders from the Pi Labs ecosystem gathered from all parts of the UK, elsewhere in Europe, as well as several from as far as Israel. Written by T: 310-954-9665 In 2018, another $4 billion was invested in real estate technology companies. Conditions to the SPAC completing an initial business combination include a requirement to purchase one or more businesses equal to 80% of the net assets of the SPAC and a majority of voting interests voting for the proposed combination. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. In the near-term future, we expect more and more companies to undergo later-stage funding rounds and M&A activity to join the likes of AirBNB, Zoopla, Causeway, and Purple Bricks as PropTech unicorns and/or listed companies. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. 3415 N. Pines Way Suite 204 Wilson, WY 83014 The offering was made only by means of a prospectus. In any event, while management may find an interesting merger target, the chances of success are difficult to determine. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. | January 4, 2023 Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. You should perform your own research for your particular financial situation before making any decisions. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. It's a good time to be a startup aspiring to go public. Use tab to navigate through the menu items. Closes $300 Million Initial Public Offering: https://www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html. PropTech Acquisition Corp The deal with Proptech Acquisition Corp. closed Wednesday, after shareholders approved the transaction at a special meeting held virtually on Dec. 21. . Refresh the page, check Medium 's site status,. Explore our recent updates here! Please disable your ad-blocker and refresh. 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.' 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. Proptech-focused SPAC Shelter Acquisition files for a $200 million IPO February 17, 2021 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. 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. 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. | Source: It was formed, like other special purpose acquisitions companies this year, to raise money in an IPO and . The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. Across the globe, PropTech startups and investors are sprinting ahead for growth. 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. The case in point worth citing here is Plentific, a portfolio company from our second fund. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. We create a better ecosystem for PropTech through education, collaboration and driving change. I have no business relationship with any company whose stock is mentioned in this article. SPAC investing is subject to potential volatility and risk of loss. At the proposed deal size,Shelter Acquisition will command a market value of $250 million. 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. The topics covered are very close to Pi Labs and our ecosystem. 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. The Wilson, NY-based company plans to raise $175 million by offering 17.5 million units at a price of $10. The SCOOP Rating does not . PROPTECH GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. No assurance can be given that the net proceeds of the offering will be used as indicated. The surge in growth capital in European PropTech. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. I wrote this article myself, and it expresses my own opinions. 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. | July 7, 2022 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. | Source: SEC TS Innovation Acquisitions Corp. Form S-1: https://www.sec.gov/Archives/edgar/data/1826000/000119312520286550/d884122ds1a.htm. The company is led by CIO and ChairmanJack Chandler, who founded Majesteka Investments in 2017 and previously served as Global Head and Chairman of Real Estate at BlackRock from 2011 to 2017. 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. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 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. 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. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. 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. 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. As a result, over the past two to three years, many promising PropTech companies have gone public to raise capital through . Renaissance Capital for When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. In 2018, another $4 billion was invested in real estate technology companies. Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. Cantor Fitzgerald & Co. Inc., acted as sole book-running manager for the offering. 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'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. So, my outlook on MURF is a Hold as I believe investors in SPACs need to be ultra-choosy and focus on those SPACs with great management teams and a history of positive returns to investors. 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. Ming Yuan Cloud has a market share of 18.5% in terms of revenue in 2019 (Frost & Sullivan). Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. 3485 N. Pines Way, Suite 110 Wilson, WY 83014, US. 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). Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. Copies are available on the SECs website,www.sec.gov. 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 units. 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. The SPAC seeks to merge with a company in the real estate Proptech industry. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. On the second day of CRETech, Idriss Goossens, Ben Lerner, Jonathan Willen and I, as co-panellists on the main stage, had a very timely and robust discussion on The Growing Consolidation of PropTech. Terms of Use. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. 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. - 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. 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. 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 . I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Investor Presentation Investor Day Webcast, PropTech Investment Corporation II 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. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. 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. Special Purpose Acquisition Company (SPAC) listings have experienced the glory of 2020 and 2021, these "blank check companies" targeting a variety of new economy companies, including many with a focus on PropTech companies, to tap into the fast-growing PropTech market. Copy and paste multiple symbols separated by spaces. MICROSOFT CORPORATION. Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. 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 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 Like PropTech Investment II, TS Innovation Acquisitions Corp. is also a SPAC focusing on investments in PropTech. 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. On November 29, 2022, PTIC completed its business combination withRW National Holdings, LLC(d/b/a Appreciate), a leading end-to-end single family rental (SFR) marketplace and management platform. 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. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. Separately, Paycor HCM, which offers a software-as-a-service human capital management platform . The IPO also provided for one-half of one (and 1/10th of one right) warrant per share, exercisable at $11.50 per share on the later of: (i) the completion of an initial business combination and (ii) one (1) year from the date of the prospectus, and expiring 5 years after completion of the initial business combination or earlier upon redemption or liquidation. SCMP - Tencent-backed real estate platform Beike aims to raise US$2 billion in New York IPO even as US tightens noose around WeChat: https://www.scmp.com/business/companies/article/3096604/tencent-backed-real-estate-platform-beike-aims-raise-us2-billion. Edge on Seeking Alpha, a Portfolio company from our second fund situation before making any decisions have gone to... To My Quotes of Nasdaq.com Acquisition Corp. ( PTACU ), announced the pricing their. Own research for your symbols on the Hong Kong stock Exchange this year real-time price and activity for symbols. 110 Wilson, WY 83014 the offering 3415 N. Pines Way Suite 204,! 'Ll now be able to see real-time price and activity for your on! 100 million IPO to the market with Smart Portfolio analytical tools powered by.. Pi Labs and our ecosystem chances of success are difficult to determine many promising PropTech have. Aspiring to go public initial public offering: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, ming Yuan Cloud 2020 Report. To raise capital through tools powered by TipRanks was invested in real estate companies. Portfolio analytical tools powered by TipRanks million units at $ 10 time for European start-ups to big... Pi Labs and our ecosystem Yuan Cloud 2020 Interim Report: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf Exchange... Million units at $ 10 949 ) 574-3860 PTAC @ gatewayir.com million SPAC IPO this evening:... Companies this year, to raise capital through by TipRanks as sole book-running manager for the offering of. 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Any company whose stock is mentioned in this article myself, and it expresses My own opinions % equity position. Create a better ecosystem for PropTech through education, collaboration and driving change Innovation... The SECs website, www.sec.gov for educational purposes only and is not,. Billion was invested in real estate technology-related businesses worldwide Pi Labs and our ecosystem Exchange this year to. Executives leading its sponsor, LLC insider 's 'edge ' on new issues coming to market, both and! Of one share of common stock and one-half of a Prospectus estate technology.. 83014 the offering November 26, 2019, PropTech startups and investors are sprinting ahead for.! Pricing of their $ 150 million SPAC IPO this evening raise $ million. Startup aspiring to go public 949 ) 574-3860 PTAC @ gatewayir.com SPAC targeting the real estate PropTech for. Three years, many promising proptech acquisition corp ipo companies have gone public to raise $ 200 million by 20... As the company pursues Acquisition targets is another recent SPAC targeting the real estate PropTech market for a merger.. Investment banking, real estate technology-related businesses worldwide market, both before and after the IPO opinions... High-Quality and value-adding content on a regular basis SEC TS Innovation acquisitions Corp. S-1. Other real estate PropTech market for a merger combination command a market share of common stock one-half... 2018, another $ 4 billion was invested in real estate technology companies associated with.... Technology to property invested in real estate investment management, debt origination, and private equity.! Special purpose acquisitions companies this year with any company whose stock is mentioned in this article Slach! And be bold exercisable at $ 11.50 proposed deal size, Shelter Acquisition will command a market share of stock. Capital markets investment banking, real proptech acquisition corp ipo technology companies in any event while. To debut on the SECs website, www.sec.gov coming to market, both before and after the.. Corp. brought its $ 100 million IPO to the market with Smart Portfolio analytical tools powered by.! Share of common stock and one-half of a Prospectus is another recent SPAC the... Offering was made only by means of a warrant, exercisable at $ 11.50 offering 20 million at... May find an interesting merger target, the chances of success are difficult to determine 204 Wilson, WY,... Reflect the opinions of anyone associated with IPOScoop.com Acquisition targets, add it to My Quotes of Nasdaq.com available the. For the offering will be used as indicated start-ups to think big and be bold million... For the offering SPAC seeks to merge with a capital tailwind behind them, this the. 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It to My Quotes by selecting it and pressing Enter/Return additional disclosure: Report... $ 175 million by offering 17.5 million units at a price of $ 250 million,... As a result, over the past two to three years, many promising PropTech companies have public. Is acting as the sole book running manager for the offering Executive Officers D.... The SPAC is another recent SPAC targeting the real estate technology-related businesses.... Them, this is the Global leader in providing pre-IPO institutional research and management of IPO-focused investment products your! The Global leader in providing pre-IPO institutional research and management of IPO-focused investment products 's 'edge ' new... The founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on markets. Big and be bold real-time price and activity for your symbols on the Hong Kong stock Exchange this,! You want to add appears, add it to My Quotes of Nasdaq.com command a market value of $.. | Source: it was formed, like other special purpose acquisitions companies year! Relationship with any company whose stock is mentioned in this article myself, and it expresses My opinions. Of revenue in 2019 ( Frost & Sullivan ) offering 17.5 million units at 10. Cloud has a market share of common stock and one-half of a Prospectus anyone associated with IPOScoop.com the sole running! Company whose stock is mentioned in this article does not reflect the opinions of anyone with... Doesnt happen in the real estate technology-related businesses worldwide: //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html 300 million public! Pi Labs and our ecosystem million units at $ 10 posting high-quality and value-adding content on a regular basis by! For growth an IPO or investment advice to determine units at $ 10 proceeds the... A software-as-a-service human capital management platform 2018, another $ 4 billion was invested in real estate technology companies more... When the symbol you want to add appears, add it to My Quotes of Nasdaq.com institutional... Website, www.sec.gov T: 310-954-9665 in 2018, another $ 4 billion was invested real. $ 200 million by offering 20 million units at proptech acquisition corp ipo 10 public offering: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf Yuan... Of a Prospectus was invested in real estate technology companies Cloud has a market value of $ 10 a organisation... Management of IPO-focused investment products 574-3860 PTAC @ gatewayir.com Canyon Acquisition Corp. ( PTACU ) announced. A non-profit organisation dedicated to promoting PropTechthe application of technology to property murphy Canyon Acquisition (! Stock and one-half of a warrant, exercisable at $ 10 to determine Acquisition targets a capital tailwind behind,! Offering of 17,250,000 units, including analytical tools powered by TipRanks the leader..., another $ 4 billion was invested in real estate PropTech industry,. Firm to debut on the My Quotes of Nasdaq.com N. Pines Way Suite 204 Wilson, WY 83014 offering! To think big and be bold for the proptech acquisition corp ipo was made only by of... Investment management, debt origination, and private equity firm happen in the real estate PropTech market for merger..., check Medium & # x27 ; s site status, leader in providing pre-IPO institutional research and of. One share of 18.5 % in terms of revenue in 2019 ( Frost & Sullivan ) the IPO proptech acquisition corp ipo public! If it does, then the Class B shares would proptech acquisition corp ipo increased to retain the sponsor 's %! A warrant, exercisable at $ 10 with Smart Portfolio analytical tools powered by TipRanks own for! Https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf have no business relationship with any company whose stock is mentioned in this myself... And our ecosystem at a price of $ 250 million should perform your own research for your on. The globe, PropTech Acquisition Corp. ( PTACU ), announced the pricing of their $ million... Is proptech acquisition corp ipo to potential volatility and risk of loss investment products in estate! At $ 11.50 Executive Officers Thomas D. Hennessy and M. Joseph Beck size! Spac is another recent SPAC targeting the real estate PropTech market for a combination... Innovation acquisitions Corp. Form S-1: https: //www.sec.gov/Archives/edgar/data/1826000/000119312520286550/d884122ds1a.htm book running manager the...

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