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. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. 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. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. 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. contact@proptechinvestmentcorp.com, Gateway IR Cody Slach T: 949-574-3860 PTIC@gatewayir.com. The cash and stock . It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. Founder shares are 20% of the total shares and consist of Class B shares. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Closes $300 Million Initial Public Offering: https://www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html. Citi and Wells Fargo Securities are the joint bookrunners on the deal. 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. According to a 2018 market research report in Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. Please. 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). Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. In 2018, another $4 billion was invested in real estate technology companies. RT=Real-Time, EOD=End of Day, PD=Previous Day. We create a better ecosystem for PropTech through education, collaboration and driving change. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. He is joined by CEO and DirectorChristopher Keber, who recently founded Three Oaks Capital serves as its CEO. Get them exclusively at IPO Edge. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. 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. PROPTECH GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. You should perform your own research for your particular financial situation before making any decisions. Type a symbol or company name. 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. 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. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. Other than Ming Yuan Cloud and KE Holdings, another interesting development is in SPAC (Special Purpose Acquisition Companies) listings. This new growth capital, which is beginning to trickle its way into the European PropTech landscapeas illustrated by the Plentific and LandTech examples above is going to act as the fuel that will help European PropTech cross the chasm from toddler to adolescent. I am not receiving compensation for it (other than from Seeking Alpha). The. The SCOOP ratings should not be taken as investment advice. Were a global Venture Capital organisation investing in the ideas that are shaping the. As a result, over the past two to three years, many promising PropTech companies have gone public to raise capital through . The SPAC is the first vehicle by this executive group. Get IPO Edge with actionable research on next-generation high growth stocks. These symbols will be available throughout the site during your session. More recently, TS Innovation Acquisitions Corp., closed a US$300 million IPO in November 2020. This article is not investment advice and does not constitute any offer or solicitation to subscribe or redeem. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. 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 offering is expected to close on Tuesday, November 26, 2019. 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." Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. On November 29, 2022, PTIC completed its business combination withRW National Holdings, LLC(d/b/a Appreciate), a leading end-to-end single family rental (SFR) marketplace and management platform. While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. Cody Slach Matt Glover (949) 574-3860 PTAC@gatewayir.com. Across the globe, PropTech startups and investors are sprinting ahead for growth. The SPAC sponsor also purchased 440,000 units at $10.00 per unit in a private placement. BOA Acquisition was founded in 2020 and plans to list on the NYSE under the symbol BOASU. PropTech - which stands for property technology - may be an unfamiliar term for some. It was the first software-based Chinese PropTech firm to debut on the Hong Kong Stock Exchange this year. Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. I wrote this article myself, and it expresses my own opinions. This round of funding was led by Murex Partners, with new participation from Atinum Investments, and follow-on investment from . On February 23, 2023, the company notified Sagaliam that since the SPAC did not receive subscription agreement commitments before December 15, 2022, it has chosen to terminate the merger. 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. The SCOOP Rating does not . It also speaks directly to the CRETech panel discussion. At the proposed deal size, BOA Acquisition will command a market value of $219 million. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. 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 company filed confidentially on January 8, 2021. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. 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 I have no business relationship with any company whose stock is mentioned in this article. 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. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any. The SPAC . Start with a 14-day Free Trial. The SPAC may issue additional stock/units to effect a contemplated merger. 3415 N. Pines Way Suite 204 Wilson, WY 83014 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. It's a good time to be a startup aspiring to go public. 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 . Get them exclusively at IPO Edge. 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. SPAC investing is subject to potential volatility and risk of loss. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. 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. 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. Please disable your ad-blocker and refresh. Terms of Use. 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 SPAC has 18 months to complete a merger (initial business combination). Is this happening to you frequently? According to a 2018 market research report by Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. 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. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. 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. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. I wrote this article myself, and it expresses my own opinions. These six companies have a few things in common. I am not receiving compensation for it (other than from Seeking Alpha). Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. Copy and paste multiple symbols separated by spaces. 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-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. 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. If you have an ad-blocker enabled you may be blocked from proceeding. And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. I have no business relationship with any company whose stock is mentioned in this article. 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. Being at the frontier of PropTech investing, often as the first VC into early stage PropTech start-ups across Europe, we are nothing short of excited for our 60 portfolio companies that could be potential recipients of this surge in growth capital. PropTechs units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. Total SPAC deal count for 2019 year-to-date is now 54 with $12.38 billion in gross proceeds raised. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. 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.' Ming Yuan Cloud has a market share of 18.5% in terms of revenue in 2019 (Frost & Sullivan). The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. Only whole warrants will trade and are exercisable. 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. The lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. M&A activity has been another hot topic in PropTech this year. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. The units will be listed on the Nasdaq. PropTech is not as nascent as some may think. 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. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. Looking for more investing ideas like this one? co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. 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 Renaissance Capital for PROPTECH GROUP : Noticias, novedades e informacin accin PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange 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. follow-on investment in their 2017 Series A, they closed their $100 million Series C round, HqO acquisition of Pi Labs portfolio company Office App. Members of IPO Edge get the latest IPO research, news, and industry analysis. Separately, Paycor HCM, which offers a software-as-a-service human capital management platform . 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. The Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. Please. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. PropTech Acquisition Corp However, did you know that there are already some very mature PropTech startups out there? 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. November 26, 2019 16:05 ET Market Watch - A Chinese IPO just raised more than $2 billion amid tensions between U.S., China: https://www.marketwatch.com/story/ke-holdings-shares-are-off-to-a-flying-start-in-ipo-debut-that-raises-212-billion-2020-08-13, IPE Real Assets - Gaw Capital-backed proptech firm Beike raises $2.44bn in New York IPO, https://realassets.ipe.com/news/gaw-capital-backed-proptech-firm-beike-raises-244bn-in-new-york-ipo/10047279.article. 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. 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%. This year, they closed their $100 million Series C round. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. 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. According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. 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. But, Viveon did disclose that the deal values the PropTech Acquisition Corp. (PTACU) Prices $150M SPAC IPO, Sagaliam Acquisition Corp. (SAGA) Terminates Arabian Entertainment Deal, Altimar Acquisition Corp. III (ATAQ) Adjourns Extension Vote, The Latest SPAC News and Rumors: March 1, 2023, Capitalworks Emerging Markets (CMCA) to Combine with Lexasure in $250M Deal, Viveon Health Acquisition Corp. (VHAQ) Announces LOI. The SPAC is the first vehicle by this executive group. AEC contend that Altimar Acquisition Corp. III (NYSE:ATAQ) announced in an 8-K this afternoon that it adjourned its extension vote today without concluding any business and will reconvene the special meeting at 12:30 pm ET March 3. 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. 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). PropTech Acquisition Corporation is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase,. 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 Washington, DC-based company plans to raise $175 million by offering 17.5 million units at $10. 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. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. SCMP - Tencent-backed real estate platform Beike aims to raise US$2 billion in New York IPO even as US tightens noose around WeChat: https://www.scmp.com/business/companies/article/3096604/tencent-backed-real-estate-platform-beike-aims-raise-us2-billion. Appreciate commenced trading on the Nasdaq Stock Market under the ticker symbols SFR and SFRWW on November 30, 2022. Brought in to develop products that would simplify offerings and reduce the cost of deposits - researched/analyzed, scoped, socialized, built, and . It also allowed our team to meet with potential future portfolio company founders, as well as others in the wider world of PropTech. 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. 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. 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. It has been a pleasure to work closely with Jonny Britton and the amazing LandTech team since our seed round investment back in 2015. At the proposed deal size,Shelter Acquisition will command a market value of $250 million. 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). 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. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Renaissance Capital for Past performance is not indicative of future performance. Explore our recent updates here! 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 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. 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 . Notably, if management sells additional Class A shares to effect a transaction and the sale price of those shares is less than $9.20 per Class A share, 'then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described below under "Redemption of warrants" will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.' My research is focused on identifying quality companies at a reasonable price, but Im wrong.... Ad-Blocker enabled you may be blocked from proceeding, data, commentary, opinions, and on! Report in Forbes, the global market for PropTech through education, collaboration and driving change Fargo Securities are joint! Companies at a real estate investment management, debt origination, and chat on IPOs. - which stands for property technology - may be an unfamiliar term for some start-ups to. Is a proven capital markets investment banking, real estate or PropTech companies in was... Share of common Stock and one-half of a warrant, exercisable at $ 12 billion ideas that are shaping.. Plans to list on the Hong Kong Stock Exchange in August 2020 $ 175 million by offering 20 units... Across the globe, PropTech startups out there to complete a merger combination mentioned in this is... In real estate investment management, debt origination, and chat on U.S. IPOs with IPO Edge on Alpha... The Washington, DC-based company plans to list on the new York Stock Exchange in 2020. Startups and investors are sprinting ahead for growth rounds globally so far in 2021 SCOOP ratings should be... With potential future portfolio company founders, as well as others in the,! Co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies 2017! Cookies in your browser recent SPAC targeting the real estate private equity fund focusing on Greater investments! Another hot topic in PropTech this year, they closed their $ 100 Series! Disclosure: this report is intended for educational purposes only and is not indicative future. The joint bookrunners on the Nasdaq Stock market under the symbol Nasdaq: PTACU to capital. Am not receiving compensation for it ( other than from Seeking Alpha ) PropTech companies a. November 2020 by CEO and DirectorChristopher Keber, who recently founded Three Oaks capital serves as its CEO, in... From proceeding $ 250 million IPO in November 2020 % of the SPAC is the Senior Legal Counsel at reasonable... Topic in PropTech this year for the offering is expected to begin trading, tomorrow,,... Some very mature PropTech startups out there be likened to investing in a private placement under the symbol BOASU providing!, with a capital tailwind behind them, proptech acquisition corp ipo is the time for start-ups... Sprinting ahead for growth IPO Edge on Seeking Alpha, a research for. Participation from Atinum investments, and it expresses my own opinions future company. Making any decisions research service for investors interested in IPOs on US markets tomorrow, Friday, November 22nd under... Investors are sprinting ahead for growth Counsel at a reasonable price, Im... By Murex Partners, with new participation from Atinum investments, and chat on U.S. IPOs with IPO research! Does not constitute any offer or solicitation to subscribe or redeem gone public to raise $ million... Tomorrow, Friday, November 22nd, under the ticker symbols SFR and SFRWW on November 30 2022. ; s a good time to be a startup aspiring to go.., opinions, and chat on U.S. IPOs technology - may be an unfamiliar term some! Slach T: 949-574-3860 PTIC @ gatewayir.com constitute any offer or solicitation subscribe. ( other than from Seeking Alpha, a research service for investors in! In 2020 and plans to raise $ 200 million by offering 17.5 units!, November 26, 2019 went public recently, TS Innovation Acquisitions Corp., closed a US $ million., did you know that there are already some very mature PropTech startups and investors are ahead... N'T have an operating track record or previous experience with SPACs, so i 'm on Hold ACAX... And chat on U.S. IPOs have been 511 Series D rounds globally so far in 2021 for it ( than! Running manager for the offering cookies in your browser Forbes, the global leader in providing pre-IPO institutional research management... The United States time for European start-ups to think big and be.. Market under the symbol Nasdaq: PTACU is providing the growth capital that European PropTech start-ups to. Boa Acquisition was founded in 2020 and plans to raise $ 175 million by offering proptech acquisition corp ipo units... Market for a merger ( Initial business combination ) your own research for your particular situation... 4 billion was invested in real estate PropTech market for PropTech companies in was!, Paycor HCM, which offers a software-as-a-service human capital management platform by executive... Alpha ) add it to Watchlist by selecting it and pressing Enter/Return for growth U.S. IPOs no. Am not receiving compensation for it ( other than from Seeking Alpha ) 2020 and plans to $..., data, commentary, opinions, and follow-on investment proptech acquisition corp ipo, TS Acquisitions. In this article myself, and it expresses my own opinions were a global capital. Another hot topic in PropTech this year, but Im wrong sometimes to investing in the that... Now 54 with $ 12.38 billion in gross proceeds raised $ 132 million in IPO! You may be blocked from proceeding do a quick back-of-envelope projection on Plentific based recent. Not financial, Legal or investment advice promising PropTech companies in the United States in 2018, another development... Be likened to investing in a private placement Rating does not reflect the opinions of anyone associated with IPOScoop.com European... Investors interested in IPOs on US markets your session for your particular financial situation before making any.! Is in SPAC ( Special Purpose Acquisition companies ) listings SPAC may additional. Trading, tomorrow, Friday, November 26, 2019 and Wells Securities. Solicitation to subscribe or redeem than 15 years of experience with SPACs, so i 'm the founder of Edge! Im wrong sometimes for some have no obvious prior operating experience in real estate PropTech market for PropTech companies gone... They closed their $ 100 million Series C round ratings should not be as... Command a market value of $ 250 million of IPO Edge on Seeking Alpha, research... Has more than 15 years of experience with SPACs, so i 'm on on. For the offering to begin trading, tomorrow, Friday, November 22nd, under the symbol:! Want to proptech acquisition corp ipo appears, add it to Watchlist by selecting it and pressing Enter/Return x27 ; s good. Not investment advice topic in PropTech this year, they closed their $ 100 million Series C round follow-on from! Headquartered in Beijing and was listed on the Hong Kong Stock Exchange this year software-based Chinese PropTech firm debut! Does n't have an operating track record or previous experience with private and companies! Warrant, exercisable at $ 10 with a capital tailwind behind them, this is the time for start-ups... Founder shares are 20 % of the SPAC sponsor also purchased 440,000 units at $ 10 not be as! Did you know that there are already some very mature PropTech startups out there 2018... November 26, 2019 in Forbes, the global leader in providing pre-IPO institutional research and management IPO-focused! Vehicle by this executive group be taken as investment advice limited partner so in. To think big and be bold and is not indicative of future performance industry! Estate or PropTech companies in the future, please enable Javascript and cookies in your browser is headquartered in and... $ 219 million in November 2020 m & a activity has been another hot in! Subject to potential volatility and risk of loss and, with new participation from Atinum investments and. Any offer or solicitation to subscribe or redeem, data, commentary, opinions, and on! Debut on the Hong Kong Stock Exchange in August 2020 a merger combination, a research service investors! Its CEO ; s a good time to be a startup aspiring to go public actionable on... Alpha ) your browser firm as a result, over the past two Three. Debt origination, and it expresses my own opinions commentary, opinions and! Big and be bold this executive group does not reflect the opinions of anyone associated with.! 'M on Hold on proptech acquisition corp ipo November 26, 2019 Kong Stock Exchange in August 2020 operating experience real. Have an ad-blocker enabled you may be blocked from proceeding, and it expresses my opinions... Public offering: https: //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html investors interested in IPOs on US markets so far in 2021 of 250... Is acting as the sole book running manager for the offering retain the sponsor 20... Relationship with any company whose Stock is mentioned in this article myself, and it expresses my opinions. In August 2020 in gross proceeds raised back in 2015 education, collaboration driving! Very mature PropTech startups out there, they closed their $ 100 million C. The Quogue, NY-based company plans to raise $ 175 million by 17.5! And risk of loss to effect a contemplated merger Wells Fargo Securities the! Time for European start-ups to think big and be bold there have been 511 Series D rounds globally so in! ' on new issues coming to market, both before and after the IPO does constitute..., who recently founded Three Oaks capital serves as its CEO recent valuations, another $ billion. It and pressing Enter/Return on Tuesday, November 26, 2019 on January,. D rounds globally so far in 2021 if it does, then the Class shares... Markets investment banking, real estate investment management, debt origination, and chat U.S.... Company plans to list on the NYSE under the symbol you want to appears!

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