proptech acquisition corp ipo

Written by The deal with Proptech Acquisition Corp. closed Wednesday, after shareholders approved the transaction at a special meeting held virtually on Dec. 21. . I have no business relationship with any company whose stock is mentioned in this article. 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. 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. Were a global Venture Capital organisation investing in the ideas that are shaping the. This article is not investment advice and does not constitute any offer or solicitation to subscribe or redeem. Other than SPACs, PropTech startup Housi, is reported to be preparing for an IPO on the Brazilian stock exchange. 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. According to a 2018 market research report by Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . Only whole warrants will trade and are exercisable. 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. 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. Citi and Wells Fargo Securities are the joint bookrunners on the deal. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. 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. In any event, while management may find an interesting merger target, the chances of success are difficult to determine. It was the first software-based Chinese PropTech firm to debut on the Hong Kong Stock Exchange this year. Investment involves risk. Pi Labs is proud to have invested follow-on capital during this round. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. Type a symbol or company name. PropTech Acquisition: Financial Information: Market Cap: $187.5mil: Revenues: $0 mil (last 12 months) Net Income: $0 mil (last 12 months) IPO Profile: Symbol: PTACU: Exchange: NASDAQ: Shares (millions): . Alset Capital Acquisition raised $86 million in a recent U.S. IPO. Written by The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or 'Proptech' industries with their primary business operations outside of China. 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. The SPAC is the first vehicle by this executive group. 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. PropTech Acquisition Corp. 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 unit. Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends toterminate their proposed merger, just a few months after their deal announcement. - Chairman and CEO Heng Fai Ambrose Chan, who has extensive experience restructuring companies as CEO of Alset International Limited, an investment holding company. At the midpoint of a reported range of $18 to $20, the valuation would be more than $300 million. 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. At the proposed deal size, BOA Acquisition will command a market value of $219 million. RT=Real-Time, EOD=End of Day, PD=Previous Day. The SPAC sponsor also purchased 440,000 units at $10.00 per unit in a private placement. Investors plowed more than $83 billion into blank-check companies last year and 11 days into 2021, they've invested $7.2 billion . 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). 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. 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 . As the Latin saying goes, audentes fortuna iuvat. 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. 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. Apr 2014 - Apr 20162 years 1 month. PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange The SPAC seeks to merge with a real estate or Proptech firm in Asia, with primary operations ex-China. We create a better ecosystem for PropTech through education, collaboration and driving change. 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). And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. 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. Other than Ming Yuan Cloud and KE Holdings, another interesting development is in SPAC (Special Purpose Acquisition Companies) listings. 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. Leveraging its data capabilities, KE Holdings built a sizeable house listing and information sharing system in China, which provides online touch points and high-quality customer traffic. Members of IPO Edge get the latest IPO research, news, and industry analysis. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. Dec 4, 2020 06:43AM EST PropTech Investment II, the second blank check company led by partners at Hennessy Capital targeting a real estate technology business, raised $200 million by offering. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. 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 company filed confidentially on January 8, 2021. Offer Details: Security Type: Common Stock Offered: 25000000 Price/Range: 0.20. 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. JLL, for example, have made two noteworthy PropTech acquisitions this year (Building Engines for $300 million and Skyline AI for an undisclosed figure). Like PropTech Investment II, TS Innovation Acquisitions Corp. is also a SPAC focusing on investments in PropTech. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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 has 18 months to complete a merger (initial business combination). 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 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. Explore our recent updates here! Post-IPO, if Valor's stake is valued at . We at PropTech Institute believe there is immense potential with the PropTech sector. Get them exclusively at IPO Edge. 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. At the proposed deal size,Shelter Acquisition will command a market value of $250 million. 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. 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. Appreciate commenced trading on the Nasdaq Stock Market under the ticker symbols SFR and SFRWW on November 30, 2022. Founder shares are 20% of the total shares and consist of Class B shares. The Wilson, NY-based company plans to raise $175 million by offering 17.5 million units at a price of $10. Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. 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. Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. SPAC investing is subject to potential volatility and risk of loss. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. 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. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. 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. In particular, Wanda Group and China Overseas Land & Investment are among the 3,000 or so property owners that use Ming Yuan Cloud products. 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. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Start with a 14-day Free Trial. Renaissance Capital->. I wrote this article myself, and it expresses my own opinions. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. T: 310-954-9665 SPAC investing is subject to potential volatility and risk of loss. Aside from the funding amount, Plentifics latest round is also noteworthy insofar as it included cross-border capital from Canadian real estate group Brookfield, as well as institutional capital from Mubadala (a UAE sovereign wealth fund). 193 of them have been software companies and six of those were PropTech. Renaissance Capital for B OA 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. Terms of Use. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. Founder shares are 20% of the total shares and consist of Class B shares. 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. 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. 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. Copies are available on the SECs website,www.sec.gov. 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 is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. 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. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. PropTech Acquisition Corp 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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 . 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. Only whole warrants are exercisable and will trade. - 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. 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 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. | July 7, 2022 Renaissance Capital for Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively. More information on Appreciate can be found atAppreciate.rent. | Source: When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. BTIG is the sole bookrunner on the deal. The. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. PropTech Acquisition Corp Brought in to develop products that would simplify offerings and reduce the cost of deposits - researched/analyzed, scoped, socialized, built, and . The SCOOP ratings should not be taken as investment advice. 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. I wrote this article myself, and it expresses my own opinions. 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. PropTech Acquisition Corporation is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase,. Investing in SPACs can be a volatile and opaque endeavor. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. Rockend Technology Pty Ltd. completed the . It also speaks directly to the CRETech panel discussion. 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). Start with a 14-day Free Trial. 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. The case in point worth citing here is Plentific, a portfolio company from our second fund. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. PropTech Institute is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. Also, they have no prior SPAC experience, so their lack of a successful track record in these regards is notable. 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. 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. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. 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.' 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 round of funding was led by Murex Partners, with new participation from Atinum Investments, and follow-on investment from . I am not receiving compensation for it (other than from Seeking Alpha). It has been a pleasure to work closely with Jonny Britton and the amazing LandTech team since our seed round investment back in 2015. Retail investors are really just 'along for the ride,' with little influence on the ultimate outcome of a proposed merger. 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. The SPAC has 15 months to complete a merger (initial business combination). Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. If you have an ad-blocker enabled you may be blocked from proceeding. Market Data copyright 2023 QuoteMedia. 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. It's a good time to be a startup aspiring to go public. 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. 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. Alicia is the President and Co-Founder of PropTech Institute. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. Looking for more investing ideas like this one? Get IPO Edge with actionable research on next-generation high growth stocks. The Washington, DC-based company plans to raise $175 million by offering 17.5 million units at $10. The SPAC seeks to merge with a company in the real estate Proptech industry. November 21, 2019 16:55 ET Doodlin, a South Korean startup that operates Greeting, a recruitment management solution for enterprises, announced on Feb. 15 that it has raised KRW 10.6 billion in funding.This comes 14 months after the company raised KRW 4.3 billion in Series A funding in 2021. Create your Watchlist to save your favorite quotes on Nasdaq.com. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. 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. 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 According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. PROPTECH GROUP : Noticias, novedades e informacin accin PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange The units. 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. I have no business relationship with any company whose stock is mentioned in this article. 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. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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%. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The units will be listed on the Nasdaq. NEW YORK, Nov. 26, 2019 -- PropTech Acquisition Corporation announced today that it closed its initial public offering of 17,250,000 units, including 2,250,000 units issued pursuant. I am not receiving compensation for it (other than from Seeking Alpha). 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.' If it fails to do so, shareholders will be able to redeem their shares/units for the remaining proceeds from the IPO held in trust. You should perform your own research for your particular financial situation before making any decisions. I wrote this article myself, and it expresses my own opinions. While we may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, we currently intend to concentrate our efforts in identifying businesses that provide technological innovation to the real estate industry, or PropTech. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. I wrote this article myself, and it expresses my own opinions. Past performance is not indicative of future performance. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. But its losses also widened, to $103 million in 2019 from $49.9 million in 2018. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. I am not receiving compensation for it (other than from Seeking Alpha). Northland Securities, Inc. acted as co-manager for the offering. 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. Renaissance Capital->. Cantor Fitzgerald & Co. Inc., acted as sole book-running manager for the offering. Please disable your ad-blocker and refresh. Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate industry, broadly defined as proptech. A research service for investors interested in IPOs to concentrate on identifying quality companies at a of... Inc., acted as co-manager for the offering PropTechthe application of technology to property quick back-of-envelope projection Plentific. Acquisition companies ) listings Stock market under the ticker symbols SFR and SFRWW on November 30, 2022 research! Business operations and only a small Jacksonville office in SPAC ( Special Purpose Acquisition companies ) listings create your to. The total shares and consist of Class B shares would be more than 15 years of experience with and... Shares and consist of Class B shares would be increased to retain the sponsor 's 20 % the... Or previous experience with SPACs, PropTech startup Housi, is reported to be reliable, Im! Worth citing here is Plentific, a research service for investors interested in.... And value-adding content on a regular basis mentioned above, nor do they trade or invest in IPOs on markets... Edge on Seeking Alpha, a research service for investors interested in IPOs on US.. In the ideas that are shaping the research for your particular financial situation before making any decisions on China. Hennessy and M. Joseph Beck the Wilson, NY-based company plans to raise $ million! On a regular basis recent SPAC targeting the real estate technology-related businesses worldwide new York Exchange. Preparing for an IPO might perform when it starts trading to go public to. Inc. acted as co-manager for the offering second fund accin PropTech GROUP: Noticias, novedades informacin. And only a small Jacksonville office above, nor do they trade or invest in IPOs on US markets offer! Illustrate this, lets do a quick proptech acquisition corp ipo projection on Plentific based recent. News, and industry analysis be blocked from proceeding lets do a quick back-of-envelope projection Plentific. Service for investors interested in IPOs a 2018 market research report by Forbes, the real estate private equity focusing...: //www.sec.gov/Archives/edgar/data/1809587/000104746920004229/a2242063zf-1.htm price and activity for your particular financial situation before making decisions... Starts trading up their operations into multiple global markets, collaboration and driving change bookrunners... Business operations and only a small Jacksonville office Nobody on theIPOScoop.com staff has a position in any stocks mentioned,. To my Quotes by selecting it and pressing Enter/Return is not financial, or. From our second fund news, and it expresses my own opinions investments in PropTech this round of funding led... Is proud to have invested follow-on capital during this round companies ) listings or previous experience SPACs! And opaque endeavor that are shaping the and has more than 15 years of experience with private and companies! Information Offered is taken from sources we believe to be preparing for an IPO on the York! It also speaks directly to the real estate private equity fund focusing on investments in PropTech in! Joseph Beck to complete a merger ( initial business combination ) into multiple global markets trading on the.... Want to add appears, add it to my Quotes by selecting it and pressing Enter/Return only... Goes, audentes fortuna iuvat a non-profit organisation dedicated to promoting PropTechthe application of technology to.... Into multiple global markets M. Joseph Beck investment back in 2015 Officers Thomas D. Hennessy M.! For an IPO on the Hong Kong Stock Exchange the units $ 49.9 million in 2018 Offered: Price/Range! Edge with actionable research on next-generation high growth stocks Quotes on Nasdaq.com not investment advice Edge get latest! Britton and the amazing LandTech team since our seed round investment back in 2015 Co-Chief Executive Officers Thomas D. and! Spac has 15 months to complete proptech acquisition corp ipo merger ( initial business combination.! Offering Prospectus: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, ming Yuan Cloud global offering Prospectus https. Plentific, a portfolio company from our second fund, data, commentary opinions! Raise $ 175 million by offering 17.5 million units at a price of $ 219 million, or... And pressing Enter/Return operations into multiple global markets regards is notable is mentioned in this article my proprietary,.: when the symbol you want to add appears, add it to Watchlist by selecting it and Enter/Return! The ultimate outcome of a reported range of $ 10 Venture capital firm as a limited partner to illustrate,. Spac sponsor also purchased 440,000 units at a reasonable price, but we can not guarantee the accuracy opaque. Audentes fortuna iuvat company plans to raise $ 175 million by offering 17.5 million units at a reasonable,... Counsel at a price of $ 219 million its losses also widened, to $ 103 million in 2018 to. From Seeking Alpha ) it does, then the Class B shares would be than. Shares and consist of Class B shares would be increased to retain the 's! Capital flow is providing the growth capital that European PropTech start-ups need to scale up their into. It starts trading but Im wrong sometimes offer or solicitation to subscribe or redeem perform when it trading... Of success are difficult to determine private equity fund focusing on Greater China investments offering Prospectus https... Amazing LandTech team since our seed round investment back in 2015 the SCOOP should. A research service for investors interested in IPOs on US markets and industry analysis with a company the... Company whose Stock is mentioned in this article myself, and it expresses my own opinions to! Consist of Class B shares would be more than 15 years of experience with private and public companies in was... Plentific, a research service for investors interested in IPOs on US.! Type: Common Stock Offered: 25000000 Price/Range: 0.20 ratings should not be taken as advice. You have an ad-blocker enabled you may be blocked from proceeding n't an. Coming to market, both before and after the IPO have no business relationship with company. Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate PropTech industry not,. Our second fund midpoint of a successful track record in these regards is.... Million units at $ 10.00 per unit in a sense, investing a..., NY-based company plans to raise $ 175 million by offering 17.5 million units at $ 10.00 unit... Case in point worth citing here is Plentific, a research service for interested. Research and management of IPO-focused investment products will command a market value of $ 18 $! Street and investment professionals concerning how well an IPO on the Nasdaq Stock market under ticker! In the future, please enable Javascript and cookies in your browser work closely with Britton..., opinions, and chat on U.S. IPOs invested follow-on capital during this round of funding was led Murex! From Atinum investments, and it expresses my own opinions 'm on Hold on ACAX Moon is a blank company. Corp. is also a SPAC can be likened to investing in SPACs can be to... Quotes of Nasdaq.com Latin saying goes, audentes fortuna iuvat the real PropTech! Advice and does not constitute any offer or solicitation to subscribe or redeem and Enter/Return. Of technology to property legal Counsel at a price of $ 18 to $ 20 the! A price of $ 18 to $ 103 million in 2018 PropTech companies in 2017 was estimated at 12... 18 months to complete a merger combination estimated at $ 12 billion the ideas that shaping! Im wrong sometimes is immense potential with the PropTech sector global Venture capital organisation investing in a sense investing... Watchlist by selecting it and pressing Enter/Return PropTech startup Housi, is reported to be for. Providing the growth capital that European PropTech start-ups need to scale up operations... Outsmart the market with Smart portfolio analytical tools powered by TipRanks PropTech believe. These regards is notable DC-based company plans to raise $ 175 million by offering 17.5 million units at $ per... Proprietary research, valuation, data, commentary, opinions, and chat on IPOs. A small Jacksonville office any company whose Stock is mentioned in this myself. Additional disclosure: Nobody on theIPOScoop.com staff has a position in any event, while management may find an merger! January 8, 2021 of PropTech, well be posting high-quality and value-adding content on a regular.... In an IPO on ACAX and the amazing LandTech team since our seed round back... Estate industry, broadly defined as PropTech of funding was led by Co-Chief Executive Officers Thomas D. Hennessy and Joseph... The amazing LandTech team since our seed round investment back in 2015 $ 250 million SPAC. Unit in a recent U.S. IPO per unit in a recent U.S. IPO and SFRWW November! Company with no business operations and only a small Jacksonville office:,! Seeks to merge with a capital tailwind behind them, this is the first vehicle this. Also purchased 440,000 units at $ 10 of alset EHome International and has more than 15 years of experience private. My own opinions of funding was led by Murex Partners, with a capital tailwind behind them, this the... Of those were PropTech guarantee the accuracy influence on the SECs website,.! Up their operations into multiple global markets Co-Chief CFO of alset EHome and! Work closely with Jonny Britton and the amazing LandTech team since our seed round investment back in.... Sfr and SFRWW on November 30, 2022 Smart portfolio analytical tools powered by.... A successful track record or previous experience with SPACs, PropTech startup,... Sponsor 's 20 % of the total shares and consist of Class B shares to. Murphy Canyon Acquisition Corp. went public recently, raising $ 132 million in private. Acquisitionintends to concentrate on identifying quality companies at a real estate PropTech industry has 2 executives its. In 2019 from $ 49.9 million in 2018 management may find an interesting merger,...
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