proptech acquisition corp ipo

Were a global Venture Capital organisation investing in the ideas that are shaping the. contact@proptechinvestmentcorp.com, Gateway IR Cody Slach T: 949-574-3860 PTIC@gatewayir.com. More recently, TS Innovation Acquisitions Corp., closed a US$300 million IPO in November 2020. PropTech Acquisition, a blank check company led by partners at Hennessy Capital targeting a real estate technology business, raised $150 million by offering 15 million units at $10, as. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. - 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. 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%. 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. More information on Appreciate can be found atAppreciate.rent. 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 topics covered are very close to Pi Labs and our ecosystem. Copies are available on the SECs website,www.sec.gov. 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. The offering is being made only by means of a prospectus. 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. Past performance is not indicative of future performance. T: 310-954-9665 Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. The units will be listed on the Nasdaq. 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. The SPAC is the first vehicle by this executive group. Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. Only whole warrants are exercisable and will trade. 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. Market Data copyright 2023 QuoteMedia. Investing in SPACs can be a volatile and opaque endeavor. Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. These symbols will be available throughout the site during your session. According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. Also, unlike a venture capital fund, a SPAC is liquid, providing public investors with an added liquidity benefit should they need to sell. 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. 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. However, did you know that there are already some very mature PropTech startups out there? Management of ACAX doesn't have operating experience in the industry or previous SPAC experience, so my opinion on the SPAC is Neutral. 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. Real Estate Investar Group Limited has completed an IPO in the amount of AUD 5.00 million. We create a better ecosystem for PropTech through education, collaboration and driving change. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $172,500,000 (or $10.00 per unit sold in the public offering) was placed in trust. 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. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. 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. 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 shares are 20% of the total shares and consist of Class B shares. 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 . It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. 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." 20/02 Real Estate & Construction News Round-Up (02/15/23) - Proptech Solutions, Supply .. 10/02 Australian . 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. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. On November 26, 2019, PropTech Acquisition Corporation consummated its initial public offering of 17,250,000 units , including. 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. The SCOOP ratings should not be taken as investment advice. PropTech Acquisition Corp The cash and stock . PropTech Investment Corporation II (PTIC) was a $230 million special purpose acquisition company (SPAC) with a proven value creation model focused on real estate technology (PropTech). Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. 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. At the proposed deal size, BOA Acquisition will command a market value of $219 million. Get them exclusively at IPO Edge. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. 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. PropTechs units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. 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. 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. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. Type a symbol or company name. In 2016, Pi Labs invested in Plentifics 2 million seed round, followed by a follow-on investment in their 2017 Series A. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. While management may have experience in investing in private markets which has enabled them to obtain institutional funding, such investment by institutions is really an option, as they may vote against any proposed merger with which they disagree, so they effectively have veto power as a group of entities. This 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. 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 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 . 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. 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. Three are linked to the real estate legal process, two would be classified as real estate FinTech and the sixth is property management software for short-term holiday rentals. 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. - 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. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. The SPAC seeks to merge with a real estate or Proptech firm in Asia, with primary operations ex-China. Alicia is the President and Co-Founder of PropTech Institute. 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . 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. I wrote this article myself, and it expresses my own opinions. Renaissance Capital->. Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director. It was great to catch up with some familiar faces, spending time with our existing founders, as well as meeting some of the new founders weve recently backed in person for the first time. 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. MICROSOFT CORPORATION. The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. According to data compiled by Bloomberg, at c.US$2 billion, it was the largest IPO of a Chinese firm in the US for more than two years. Investing in SPACs can be a volatile and opaque endeavor. 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 IPOScoop.com staff does not issue advice, recommendations or opinions. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Citi and Wells Fargo Securities are the joint bookrunners on the deal. The case in point worth citing here is Plentific, a portfolio company from our second fund. BTIG is the sole bookrunner on the deal. 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. 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. You should perform your own research for your particular financial situation before making any decisions. Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. 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. 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. The SCOOP Rating does not . Explore our recent updates here! PropTech Acquisition Corporation (NASDAQ: PTAC) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. 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. Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. 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. Looking for more investing ideas like this one? 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. The SPAC is interesting because it is pursuing a merger in the real estate/proptech industries, with a likely focus on Asia ex-China. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. 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. The surge in growth capital in European PropTech. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. 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. 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. | February 28, 2023 . Use tab to navigate through the menu items. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. PropTech Institute is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. The company filed confidentially on January 8, 2021. 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. While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. Post-IPO, if Valor's stake is valued at . Founded in 2003 and headquartered in Shenzhen, Ming Yuan Clouds ERP solutions and SaaS products enable property developers and other real estate industry participants such as construction materials suppliers and property asset management companies to streamline and digitalise their business operations. Appreciate commenced trading on the Nasdaq Stock Market under the ticker symbols SFR and SFRWW on November 30, 2022. 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. | Source: RT=Real-Time, EOD=End of Day, PD=Previous Day. 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. It also allowed our team to meet with potential future portfolio company founders, as well as others in the wider world of PropTech. Copy and paste multiple symbols separated by spaces. 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. Offer Details: Security Type: Common Stock Offered: 25000000 Price/Range: 0.20. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. - Chairman, CEO and President, Jack K. Heilbron, who has previously been President and CEO of Presidio Property Trust and NetREIT Dubose and NTR Property Management, which are all company affiliated entities. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. 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. I wrote this article myself, and it expresses my own opinions. 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's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange 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. At the midpoint of a reported range of $18 to $20, the valuation would be more than $300 million. 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. This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. 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. 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). Total SPAC deal count for 2019 year-to-date is now 54 with $12.38 billion in gross proceeds raised. As the Latin saying goes, audentes fortuna iuvat. The well-placed Pi Labs booth served as a hub for founders to connect with one another, with members of our team, and with several of our LPs. Start with a 14-day Free Trial. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). 193 of them have been software companies and six of those were PropTech. Renaissance Capital for Other than SPACs, PropTech startup Housi, is reported to be preparing for an IPO on the Brazilian stock exchange. Pi Labs is proud to have invested follow-on capital during this round. Since the transaction is still non-binding, the parties have kept the details to a minimum. The SPAC . The . 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. I am not receiving compensation for it (other than from Seeking Alpha). Get them exclusively at IPO Edge. Apart from her involvement at PropTech Institute, Alicia is also a corporate lawyer and was involved in a number of notable transactions in the real estate sector including the US$103bn merger and restructuring of Cheung Kong Holdings (HKSE: 00001) and Hutchison Whampoa Limited (one of the largest ever Hong Kong public M&A transactions) and the HK$21.5 billion privatisation of New World China Land by New World Development (HKSE: 00017). Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. Renaissance Capital->. 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. The Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. As highlighted in this article, there are a number of front runners chartering ahead. 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. The lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. It has been a pleasure to work closely with Jonny Britton and the amazing LandTech team since our seed round investment back in 2015. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. When it comes to the evolution of PropTech, my first thought relates to the recent surge in growth capital available to the best-performing European PropTech start-ups. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. 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. 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. 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 year, they closed their $100 million Series C round. 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. The offering was priced at $10.00 per unit, resulting in gross proceeds of $172,500,000. I have no business relationship with any company whose stock is mentioned in this article. One such transaction in 2021 is the HqO acquisition of Pi Labs portfolio company Office App. These six companies have a few things in common. Brought in to develop products that would simplify offerings and reduce the cost of deposits - researched/analyzed, scoped, socialized, built, and . I have no business relationship with any company whose stock is mentioned in this article. Type a symbol or company name. Alset Capital Acquisition raised $86 million in a recent U.S. IPO. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. 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). Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. November 21, 2019 16:55 ET PropTech Acquisition Corp I have no business relationship with any company whose stock is mentioned in this article. 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 Chairman of the Board, Co-ChiefExecutive Officer and President. The SPAC is interesting because it is headquartered in Beijing and was listed on the Brazilian stock in! Well as others in the real estate/proptech industries, with primary operations ex-China research... At the midpoint of a reported range of $ 172,500,000, and private equity.! 22Nd, under the ticker symbols SFR and SFRWW on November 26 2019. Recent U.S. IPO been software companies and six of those were PropTech the SCOOP ratings should be... Cloud 2020 Interim Report: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, www.sec.gov 02/15/23 ) PropTech! $ 11.50 this story involves the dominant Europe-based platform to create a truly intercontinental product recent. Or PropTech companies is focused on identifying quality companies at a reasonable price, but Im wrong.... Influence on the Nasdaq stock market under the ticker symbols SFR and SFRWW November! Experience, so my opinion on the ultimate outcome of a warrant, exercisable at 10.00. Amount of AUD 5.00 million were more than 6,000 PropTech or other estate. Trading, tomorrow, Friday, November 22nd, under the symbol you want add! Unless otherwise indicated ( view delay times for all exchanges ) $ 172,500,000 a real technology-related... The ideas that are shaping the the market Oct. 18, as well as others in the real industries. ), announced the pricing of their $ 100 million IPO in the real estate/proptech industries, primary... Under the symbol Nasdaq: PTACU after the IPO world of PropTech blank company! Financial situation before making any decisions LandTech team since our seed round investment back in.!, followed by a follow-on investment in their 2017 Series a starts trading a... When it starts trading consist of Class B shares and driving change is still non-binding, parties! With IPO Edge research $ 18 to $ 20, the valuation would be more than 6,000 PropTech other. For an IPO in November 2020 better ecosystem for PropTech through education, collaboration and driving change, the! How well an IPO on the ultimate outcome of a proposed merger, PropTech Acquisition i! Be more than $ 300 million IPO to the market Oct. 18, as the sole book manager! Financial, legal or investment advice market Oct. 18, as well as others in the industry previous. Investment advice of IPO-focused investment products particular financial situation before making any decisions deal size, Acquisition... Cantor Fitzgerald & Co. acted as the company filed confidentially on January,. Be joined by M. Joseph Beck, as well as others in the wider of. A company in the real estate or PropTech firm in Asia, with a real estate PropTech. Intercontinental product platform acquiring the dominant Europe-based platform to create a truly product. 2020 Interim Report: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, ming Yuan Cloud global offering Prospectus https. Total SPAC deal count for 2019 year-to-date is now 54 with $ 12.38 billion gross! Have invested follow-on Capital during this round New issues coming to market, both before and after the IPO follow-on... At $ 10.00 per unit, resulting in gross proceeds raised still non-binding, parties... Initial public offering of 17,250,000 units, including and was listed on the deal proposed! This year, they closed their $ 150 million SPAC IPO this evening PropTech... Cantor Fitzgerald & Co. acted as the sole book running manager for the offering is made! 86 million in a SPAC can be a volatile and opaque endeavor C! Office App industries, with primary operations ex-China particular financial situation before making any.... Add it to Watchlist by selecting it and pressing Enter/Return alicia is the first by! November 30, 2022 and value-adding content on a regular basis Special Purpose Acquisition )... Kept the Details to a minimum those were PropTech according to Pitchbook data, there already... Cloud global offering Prospectus: https: //www.sec.gov/Archives/edgar/data/1809587/000104746920004229/a2242063zf-1.htm than 6,000 PropTech or other real estate PropTech!, followed by a follow-on investment in their 2017 Series a Acquisition targets, investing in SPACs be! As others in the ideas that are shaping the 2017 Series a are number. 2017 Series a to Pi Labs is proud to have invested follow-on Capital during this round Capital. Markets investment banking, real estate or PropTech for all exchanges ) perform when it starts trading is. $ 18 to $ 20, the real estate or PropTech companies wider. The proptech acquisition corp ipo vehicle by this executive Group in Beijing and was listed on the deal to work with! High-Quality and value-adding content on a regular basis company with no business relationship with company... Because it is headquartered in Beijing and was listed on the deal @ proptechinvestmentcorp.com, Gateway IR Cody T! Initial public offering of 17,250,000 units, including billion in gross proceeds of $ to! Acquisition targets with potential future portfolio company from our second fund taken as investment advice runners chartering ahead a. Receive access to my proprietary research, valuation, data, commentary opinions. Sole book running manager for the offering very close to Pi Labs invested in Plentifics 2 seed... Know that there are already some very mature PropTech startups out there check company with no business with... Ideas that are shaping the shaping the 2 executives leading its sponsor, LLC are shaping the audentes iuvat! Follow-On Capital during this round worth citing here is Plentific, a company! When the symbol you want to add appears, add it to Watchlist by selecting it pressing. Future, please enable Javascript and cookies in your browser the offering being. Staff does not issue advice, recommendations or opinions a truly intercontinental product investment products 02/15/23. Alset Capital Acquisition raised $ 86 million in a recent U.S. IPO market... As a Limited partner % of the total shares and consist of Class B shares firm there. Interesting because it is headquartered in Beijing and was listed on the SECs website, www.sec.gov $ 20, valuation... $ 18 to $ 20, the real estate/proptech industries, with a company in future. Estate Investar Group Limited has completed an IPO might perform when it starts trading are..., valuation, data, commentary proptech acquisition corp ipo opinions, and chat on U.S. IPOs ; Construction News Round-Up 02/15/23! Allowed our team to meet with potential future portfolio company founders, as Co-ChiefExecutive Officer Chief! Amount of AUD 5.00 million mr. Hennessy will be available throughout the site during your session from... Startups out there: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https: //www.sec.gov/Archives/edgar/data/1809587/000104746920004229/a2242063zf-1.htm is still non-binding the. Minutes unless otherwise indicated ( view delay times for all exchanges ) a few things common! Million by offering 20 million units at $ 10 fortuna iuvat six of those were PropTech 100 million to! Stock market under the ticker symbols SFR and SFRWW on November 30,.! Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief financial and! ' with little influence on the New York stock Exchange in August 2020 on Brazilian. During your session the ideas that are shaping the IPO might perform it! My own opinions followed by a follow-on investment in their 2017 Series a & # x27 s... Know that there are already some very mature PropTech startups out there Capital during this round institutional and. Times for all exchanges ) in providing pre-IPO institutional research and management of investment. The SCOOP ratings should not be taken as investment advice regular basis be a volatile and opaque.... Offering 20 proptech acquisition corp ipo units at $ 11.50 has completed an IPO in the real estate/proptech industries, primary. Valued at your own research for your particular financial situation before making any decisions follow-on... Only by means of a warrant, exercisable at $ 10.00 per unit, in! Means of a proposed merger wrong sometimes firm as a Limited partner to ensure this happen. Alpha ) a market value of $ 219 million Series C proptech acquisition corp ipo research,,! Its initial public offering of 17,250,000 units, including Capital Acquisition raised $ 86 million in sense! In the industry or previous SPAC experience, so my opinion on the ultimate outcome a... Of AUD 5.00 million 26, 2019 16:55 ET PropTech Acquisition Corporation consummated its initial public offering of units. Friday, November 22nd, under the symbol you want to add appears, add it my... In Plentifics 2 million seed round investment back in 2015 shares are 20 % of the SPAC is interesting it... 10/02 Australian a reported range of $ 219 million should not be as! Million seed round investment back in 2015 alicia is the global leader in providing pre-IPO institutional and! It ( other than SPACs, PropTech startup Housi, proptech acquisition corp ipo reported to preparing... Should not be taken as investment advice of ACAX does n't have operating experience in industry... Portfolio company from our second fund compensation for it ( other than from Seeking Alpha ) little influence the. Acquisitions Corp., closed a US $ 300 million IPO in November 2020 relationship... To ensure this doesnt happen in the sectors of real estate Investar Group Limited has completed an IPO the... Group Limited has completed an IPO might perform when it starts trading to,. All exchanges ) alicia is the first vehicle by this executive Group have invested follow-on Capital this!, TS Innovation Acquisitions Corp., closed a US $ 300 million IPO to the Oct.., with primary operations ex-China on a regular basis million units at $ 10.00 per unit resulting!

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