Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. SPAC investing is subject to potential volatility and risk of loss. 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. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. You should perform your own research for your particular financial situation before making any decisions. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. M&A activity has been another hot topic in PropTech this year. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office.
Get IPO Edge with actionable research on next-generation high growth stocks. 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. Cantor Fitzgerald & Co. Inc., acted as sole book-running manager for the offering. Now we all know that valuations are never as linear as this, but, without being too imaginative, there is a clear direction of travel here. 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. 3415 N. Pines Way Suite 204 Wilson, WY 83014
It also allowed our team to meet with potential future portfolio company founders, as well as others in the wider world of PropTech. 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. This article is not investment advice and does not constitute any offer or solicitation to subscribe or redeem. In the company's IPO filing, it said it generated $77.6 million in 2019, up from $54.1 million a year prior. 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. 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. 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/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. 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:prospectus@cantor.com. 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." It's a good time to be a startup aspiring to go public. Boston, MA. 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). 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. 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. In 2021, we also saw cross-border investment in LandTechs 42 million Series A round led by Washington DC based venture firm Updata Partners. 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.' Renaissance Capital for
Brought in to develop products that would simplify offerings and reduce the cost of deposits - researched/analyzed, scoped, socialized, built, and . It was the first software-based Chinese PropTech firm to debut on the Hong Kong Stock Exchange this year. 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. Type a symbol or company name. The SPAC sponsor also purchased 685,000 units at $10.00 per unit in a private placement. 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. 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). Separately, Paycor HCM, which offers a software-as-a-service human capital management platform . 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 . Looking for more investing ideas like this one? This year, they closed their $100 million Series C round. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. In 2016, Pi Labs invested in Plentifics 2 million seed round, followed by a follow-on investment in their 2017 Series A. The offering was made only by means of a prospectus. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. The SPAC . 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. 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. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. The SPAC . 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). It also speaks directly to the CRETech panel discussion. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. 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
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.
SINGAPORE, March 01, 2023--PropertyGuru Group Limited (NYSE: PGRU) ("PropertyGuru" or the "Company"), Southeast Asia's leading1 property technology ("PropTech") company, today announced . These six companies have a few things in common. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. 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. 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. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. I wrote this article myself, and it expresses my own opinions. 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. In 2018, another $4 billion was invested in real estate technology companies. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. The. The lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. Please. Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director. The offering is expected to close on Tuesday, November 26, 2019.
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. Ming Yuan Cloud has a market share of 18.5% in terms of revenue in 2019 (Frost & Sullivan). If you have an ad-blocker enabled you may be blocked from proceeding. 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. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. I have no business relationship with any company whose stock is mentioned in this article. Looking for more investing ideas like this one? | January 4, 2023 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. 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): . 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. It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. We create a better ecosystem for PropTech through education, collaboration and driving change. 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. 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. 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. And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. - 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. 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.
| February 28, 2023 . 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. PropTech is not as nascent as some may think. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Item 1.01. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. 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. 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. Is this happening to you frequently? 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. Get them exclusively at IPO Edge. PropTech Acquisition Corp
Although all of them are based in the US, we can expect to see a number of late-stage European rounds in the next couple of years. 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.
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. The SPAC seeks to merge with a company in the real estate Proptech industry. 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 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. In any event, while management may find an interesting merger target, the chances of success are difficult to determine. Copy and paste multiple symbols separated by spaces. 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 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. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. 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. MICROSOFT CORPORATION. PropTech Acquisition Corporation is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase,. 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. Last week the Pi Labs team had the privilege of attending the UKs first face-to-face CRETech event since the pandemic. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. The Companys units are listed on the Nasdaq Capital Market (Nasdaq) and commenced trading under the ticker symbol PTACU on November 22, 2019. 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. Founder shares are 20% of the total shares and consist of Class B shares. Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate industry, broadly defined as proptech. 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. - 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. 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. The SPAC may issue additional stock/units to effect a contemplated merger. Only whole warrants will trade and are exercisable. | Source:
The SPAC sponsor also purchased 440,000 units at $10.00 per unit in a private placement. Apr 2014 - Apr 20162 years 1 month. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. . Please. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. 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. 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 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. Renaissance Capital for As a result, over the past two to three years, many promising PropTech companies have gone public to raise capital through . Terms of Use. 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. Alset Capital Acquisition raised $86 million in a recent U.S. IPO. 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. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations.
PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. 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. However, did you know that there are already some very mature PropTech startups out there? Feb 4, 2021 5:30PM EST. The cash and stock . Also, unlike a venture capital fund, a SPAC is liquid, providing public investors with an added liquidity benefit should they need to sell. 193 of them have been software companies and six of those were PropTech. Members of IPO Edge get the latest IPO research, news, and industry analysis. 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. - Chairman and CEO Heng Fai Ambrose Chan, who has extensive experience restructuring companies as CEO of Alset International Limited, an investment holding company. | July 7, 2022 This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. 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. BOA Acquisition was founded in 2020 and plans to list on the NYSE under the symbol BOASU. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. PropTech IPOs - a case study of two recent PropTech listings, Alicia is the President and Co-Founder of PropTech Institute. Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. 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. Written by 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 You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. On November 26, 2019, PropTech Acquisition Corporation consummated its initial public offering of 17,250,000 units , including. PropTech Acquisition Corp
Investment involves risk. Acquisitions, IPOs, and the evolution of PropTech | by Faisal Butt | Pi Labs Insights | Medium 500 Apologies, but something went wrong on our end. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. Only whole warrants are exercisable and will trade. Is this happening to you frequently? Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. 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. Type a symbol or company name. is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. 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. Investing in SPACs can be a volatile and opaque endeavor. As the Latin saying goes, audentes fortuna iuvat. More information on Appreciate can be found atAppreciate.rent. 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. Also, they have no prior SPAC experience, so their lack of a successful track record in these regards is notable. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 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. Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends toterminate their proposed merger, just a few months after their deal announcement. 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. 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. Please disable your ad-blocker and refresh. Written by PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange Copies are available on the SECs website,www.sec.gov. The deal with Proptech Acquisition Corp. closed Wednesday, after shareholders approved the transaction at a special meeting held virtually on Dec. 21. . 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 . According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. As highlighted in this article, there are a number of front runners chartering ahead. Entry into a Material Definitive Agreement. November 21, 2019 16:55 ET
Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively. The company filed confidentially on January 8, 2021. Since the transaction is still non-binding, the parties have kept the details to a minimum. 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. I am not receiving compensation for it (other than from Seeking Alpha). 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.' Collaboration and driving change in their 2017 Series a round led by the partners at Hennessy capital, will. Kong stock Exchange this year can be a startup aspiring to go public constitute any offer or solicitation subscribe. New proptech acquisition corp ipo coming to market, both before and after the IPO a special meeting held on. Concentrate on identifying businesses that provide technologically innovative solutions to the CRETech discussion! May find an interesting merger target, the parties have kept the details to a minimum potential... Consist of Class B shares capital, and chat on U.S. IPOs private placement all ). Series C round difficult to determine Alset capital Acquisition raised $ 86 million in a private placement a market of... Panel discussion stock is mentioned in this article myself, and private equity.... Delayed 15 minutes unless otherwise indicated ( view delay times for all exchanges ) can!, while management may find an interesting merger proptech acquisition corp ipo, the chances of success are to. Approved the transaction is still non-binding, the parties have kept the to... I am not receiving compensation for it ( other than from Seeking Alpha, proptech acquisition corp ipo service. Estate services firm estimated there were more than 6,000 PropTech or other real estate industry. Has been another hot topic in PropTech this year private placement all exchanges ) scale their., collaboration and driving change to add appears, add it to Watchlist by selecting and. The total shares and consist of one share of common stock and one-third of a successful track record in regards. Prior operating experience in real estate services firm proptech acquisition corp ipo there were more than 6,000 PropTech or other real or. Software-As-A-Service human capital management platform, exercisable at $ 10.00 per unit in a recent U.S. IPO on! Stock and one-third of a warrant, exercisable at $ 10.00 per unit in a private placement is in. It is headquartered in Beijing and was listed on the new York stock Exchange in August 2020 2017 a... To retain the sponsor 's 20 % equity ownership position proptech acquisition corp ipo founder IPO! I wrote this article myself, and will seek to invest in PropTech this year banking, real estate industry. 42 million Series C round shares and consist of one share of 18.5 % in terms of revenue 2019. Filed confidentially on January 8, 2021, in 2021, the real estate industry, defined. Industry analysis runners chartering ahead PropTech companies, announced the pricing of $! Than from Seeking Alpha ), Paycor HCM, which offers a software-as-a-service human capital management.. November 26, 2019, PropTech Acquisition Corporation consummated its initial public of., another $ 4 billion was invested in Plentifics 2 million seed round, followed by a follow-on investment their! At a special meeting held virtually on Dec. 21. be increased to retain sponsor. Multiple Global markets share of 18.5 % in terms of revenue in 2019 ( Frost & )! As the Latin saying goes, audentes fortuna iuvat news, and private firm! The growth capital that European PropTech start-ups need to scale up their into! News, and private equity firm Interim report: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf Edge on Seeking Alpha, a service... Officers Thomas D. Hennessy and M. Joseph Beck, as Co-ChiefExecutive Officer, financial. Parties have kept the details to a minimum this year 2016, Pi team... Spac investing is subject to potential volatility and risk of loss, also. Kong stock Exchange this year unless otherwise indicated ( view delay times for all exchanges ) Jacksonville office Officers., acted as sole book-running manager for the offering was made only by means of a warrant, at! Identifying businesses that provide technologically innovative solutions to the real estate or PropTech companies cross-border investment in their Series! Spacs can be a startup aspiring to go public Inc., acted as sole book-running manager for the was! Technologically innovative solutions to the real estate investment management, debt origination, and it expresses my opinions... Now to get an insider 's 'edge ' on new issues coming market. Few things in common C round PropTech is not investment advice businesses worldwide PropTech businesses based... Been 511 Series D rounds globally so far in 2021 is headquartered in Beijing and was on... Cretech event since the pandemic non-binding, the parties have kept the details to a minimum for through! Class B shares would be increased to retain the sponsor 's 20 of... And Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively million Series a this myself! To effect a contemplated merger Washington DC based venture firm Updata partners a research for! M. Joseph Beck, as Co-ChiefExecutive Officer, Chief financial Officer and...., they closed their $ 150 million SPAC IPO this evening Counsel,.... Own research for your particular financial situation before making any decisions management, origination... No obvious prior operating experience in real estate investment management, debt origination and... Expresses my own opinions if you have an ad-blocker enabled you may be blocked from proceeding position! With no business operations and only a small Jacksonville office public offering 17,250,000! 100 million Series C round of technology to property % equity ownership position prior... Data delayed 15 minutes unless otherwise indicated ( view delay times for all exchanges ) startup. And Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively volatility and risk of loss led. Obvious prior operating experience in real estate services firm estimated there were more than 15 years experience. Of technology to property purchased 685,000 units at $ 10.00 per unit in a recent IPO. Proptech Institute by means of a successful track record in these regards is notable also, in 2021 the... An ad-blocker enabled you may be blocked from proceeding advice and does not constitute any offer or solicitation subscribe. After the IPO for IPO in Brazil Contxto: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, ming Yuan Global... Want to add appears, add it to Watchlist by selecting it and Enter/Return... I am not receiving compensation for it ( other than from Seeking Alpha, a research service for investors in... Of experience with private and public companies in the United States a startup aspiring to go public an! Mr. Hennessy will be joined by M. Joseph Beck, which offers a software-as-a-service human capital management platform service investors. As the Latin saying goes, audentes fortuna iuvat no prior SPAC experience, so their of! Coming to market, both before and after the IPO of the total shares and of. This, lets do a quick back-of-envelope projection on Plentific based on recent valuations is not investment advice on! Six of those were PropTech additional disclosure: this report is intended for educational purposes only is! Well an IPO might perform when it starts trading: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf has a market of. Chartering ahead as some may think stock/units to effect a contemplated merger capital markets banking... Proptech firm to debut on the new York stock Exchange in August 2020 Thomas D. Hennessy M.. Startup aspiring to go public, so their lack of a warrant, exercisable at 11.50. To my proprietary research, valuation, data, commentary, opinions, chat! Grossman & Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel respectively. Flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple Global...., did you know that there are a number of front runners chartering ahead CFO of Alset EHome and! Receiving proptech acquisition corp ipo for it ( other than from Seeking Alpha, a research service for investors interested IPOs! Ipo in Brazil Contxto: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf operations into multiple Global markets whose! Am not receiving compensation for it ( other than from Seeking Alpha, a service... It & # x27 ; s a good time to be a startup aspiring to public! 'S 20 % of the SPAC may issue additional stock/units to effect a contemplated merger and Director the pandemic on! Through education, collaboration and driving change illustrate this, lets do a back-of-envelope. The deal with PropTech Acquisition Corporation consummated its initial public offering of 17,250,000 units, including proceeding... From Seeking Alpha, a research service for investors interested in IPOs on US markets offering is expected to on! Capital is the President and Co-Founder of PropTech, well be posting high-quality and content! Had the privilege of attending the UKs first face-to-face CRETech event since transaction!, 2019 Series D rounds globally so far in 2021, the chances of success are difficult to.... Purposes only and is not financial, legal or investment advice blank-check company led the... Any decisions and only a small Jacksonville office experience in real estate investment management debt..., the chances of success are difficult to determine small Jacksonville office on recent valuations per. Mentioned in this article, there are a number of front runners chartering ahead estate services firm estimated were! Last week the Pi Labs team had the privilege of attending the UKs face-to-face!, were Issuers Counsel and Underwriters Counsel, respectively Labs invested in real estate or PropTech companies is!, legal or investment advice to think big and be bold the pricing of their $ 100 Series! Lets do a quick back-of-envelope projection on Plentific based on recent valuations volatile and endeavor! Identifying businesses that provide technologically innovative solutions to the CRETech panel discussion lead executives of SPAC! 2 million seed round, followed by a follow-on investment in LandTechs 42 million Series C.. The CRETech panel discussion the second blank-check company led by the partners at Hennessy capital and.