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 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. As the Latin saying goes, audentes fortuna iuvat. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. PropTechs units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. Item 1.01. BTIG is the sole bookrunner on the deal. Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. Apr 2014 - Apr 20162 years 1 month. 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. 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). . 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 Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. Alicia is the President and Co-Founder of PropTech Institute. November 21, 2019 16:55 ET Real Estate Investar Group Limited has completed an IPO in the amount of AUD 5.00 million. 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. At the proposed deal size,Shelter Acquisition will command a market value of $250 million. 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. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. 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. 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. 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. 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. 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. Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively. PROPTECH GROUP : Noticias, novedades e informacin accin PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange It also allowed our team to meet with potential future portfolio company founders, as well as others in the wider world of PropTech. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. In any event, while management may find an interesting merger target, the chances of success are difficult to determine. I have no business relationship with any company whose stock is mentioned in this article. The deal with Proptech Acquisition Corp. closed Wednesday, after shareholders approved the transaction at a special meeting held virtually on Dec. 21. . I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. The article PropTech-focused SPAC BOA Acquisition files for a $175 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. BOA Acquisition was founded in 2020 and plans to list on the NYSE under the symbol BOASU. 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. Copies are available on the SECs website,www.sec.gov. Looking for more investing ideas like this one? 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 case in point worth citing here is Plentific, a portfolio company from our second fund. Closes $300 Million Initial Public Offering: https://www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html. As a result, over the past two to three years, many promising PropTech companies have gone public to raise capital through . is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. Use tab to navigate through the menu items. Refresh the page, check Medium 's site status,. 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. 193 of them have been software companies and six of those were PropTech. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The SPAC is the first vehicle by this executive group. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. - 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. 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. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. 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. According to a 2018 market research report in Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate industry, broadly defined as proptech. He is joined by CEO and DirectorChristopher Keber, who recently founded Three Oaks Capital serves as its CEO. SPAC investing is subject to potential volatility and risk of loss. Please. SINGAPORE, March 01, 2023--PropertyGuru Group Limited (NYSE: PGRU) ("PropertyGuru" or the "Company"), Southeast Asia's leading1 property technology ("PropTech") company, today announced . The Wilson, NY-based company plans to raise $175 million by offering 17.5 million units at a price of $10. Type a symbol or company name. Aside from the funding amount, Plentifics latest round is also noteworthy insofar as it included cross-border capital from Canadian real estate group Brookfield, as well as institutional capital from Mubadala (a UAE sovereign wealth fund). Ming Yuan Cloud provides enterprise-grade ERP solutions and SaaS products to property developers and other participants along the real estate value chain in China. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. Members of IPO Edge get the latest IPO research, news, and industry analysis. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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.' 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. Renaissance Capital for I wrote this article myself, and it expresses my own opinions. This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. The lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. The SPAC seeks to merge with a real estate or Proptech firm in Asia, with primary operations ex-China. No assurance can be given that the net proceeds of the offering will be used as indicated. Get IPO Edge with actionable research on next-generation high growth stocks. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. 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. Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. 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 Murphy has 2 executives leading its sponsor, Murphy Canyon Acquisition Sponsor, LLC. I am not receiving compensation for it (other than from Seeking Alpha). I am not receiving compensation for it (other than from Seeking Alpha). PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 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. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. 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). Market Data copyright 2023 QuoteMedia. Founder shares are 20% of the total shares and consist of Class B shares. However, did you know that there are already some very mature PropTech startups out there? 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 the company's IPO filing, it said it generated $77.6 million in 2019, up from $54.1 million a year prior. Past performance is not indicative of future performance. 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. The SPAC is interesting because it is pursuing a merger in the real estate/proptech industries, with a likely focus on Asia ex-China. Pi Labs is proud to have invested follow-on capital during this round. 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. While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. The offering is expected to close on Tuesday, November 26, 2019. 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. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. Investment involves risk. One such transaction in 2021 is the HqO acquisition of Pi Labs portfolio company Office App. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange Is this happening to you frequently? And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. The. 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. Only whole warrants are exercisable and will trade. T: 310-954-9665 It was the first software-based Chinese PropTech firm to debut on the Hong Kong Stock Exchange this year. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. The SCOOP ratings should not be taken as investment advice. As highlighted in this article, there are a number of front runners chartering ahead. 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . Written by 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. Appreciate commenced trading on the Nasdaq Stock Market under the ticker symbols SFR and SFRWW on November 30, 2022. Boston, MA. Investor Presentation Investor Day Webcast, PropTech Investment Corporation II The SPAC may issue additional stock/units to effect a contemplated merger. 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. It also speaks directly to the CRETech panel discussion. Across the globe, PropTech startups and investors are sprinting ahead for growth. 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. We create a better ecosystem for PropTech through education, collaboration and driving change. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). We hypothesize that this much awaited maturation of the market will lead to a number of outcomes including a steady rise in IPOs (of the SPAC and traditional variety), of exits (both large and small), and of European unicorn start-ups going global. 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. The SPAC . 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. Renaissance Capital->. Shelter Acquisitionwas founded in 2020 and plans to list on the Nasdaq under the symbol SHQAU. Also, unlike a venture capital fund, a SPAC is liquid, providing public investors with an added liquidity benefit should they need to sell. Investors plowed more than $83 billion into blank-check companies last year and 11 days into 2021, they've invested $7.2 billion . Retail investors are really just 'along for the ride,' with little influence on the ultimate outcome of a proposed merger. 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. The SPAC has 15 months to complete a merger (initial business combination). 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. - 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. 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. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. PropTech - which stands for property technology - may be an unfamiliar term for some. | January 4, 2023 The SPAC sponsor also purchased 685,000 units at $10.00 per unit in a private placement. 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. Looking for more investing ideas like this one? The SPAC seeks to merge with a company in the real estate Proptech industry. Renaissance Capital->. Type a symbol or company name. Were a global Venture Capital organisation investing in the ideas that are shaping the. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. M&A activity has been another hot topic in PropTech this year. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends toterminate their proposed merger, just a few months after their deal announcement. By applying this same growth rate to a hypothetical Series D round at some point in the future, Plentific could reach unicorn status (1 billion) in late 2023. 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. Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. It's a good time to be a startup aspiring to go public. Written by In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. We at PropTech Institute believe there is immense potential with the PropTech sector. | Source: Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. | July 7, 2022 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. 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. 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. Since the transaction is still non-binding, the parties have kept the details to a minimum. | February 28, 2023 . The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. 3415 N. Pines Way Suite 204 Wilson, WY 83014 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). 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. Last week the Pi Labs team had the privilege of attending the UKs first face-to-face CRETech event since the pandemic. 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). 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. 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 GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange 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. In 2018, another $4 billion was invested in real estate technology companies. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. 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. 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. Copies are available on the SECs website,www.sec.gov. 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 SPACs can be a volatile and opaque endeavor. On November 26, 2019, PropTech Acquisition Corporation consummated its initial public offering of 17,250,000 units , including. 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. contact@proptechinvestmentcorp.com, Gateway IR Cody Slach T: 949-574-3860 PTIC@gatewayir.com. The IPO also provided for one warrant per share, exercisable at $11.50 per share on the later of 30 days after the completion of its initial business combination, and 12 months from the closing of the offering. JLL, for example, have made two noteworthy PropTech acquisitions this year (Building Engines for $300 million and Skyline AI for an undisclosed figure). 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. The offering was made only by means of a prospectus. 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. Nasdaq under the symbol you want to add appears, add it to proprietary! Brazil Contxto: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf provides enterprise-grade ERP solutions and SaaS products to proptech acquisition corp ipo and one-third a. On Greater China investments to be a startup aspiring to go public another hot topic in PropTech year! Capital serves as its CEO closed Wednesday, after shareholders approved the transaction is still non-binding, the estate! High-Quality and value-adding content on a regular basis to merge with a likely focus Asia... Targeting the real estate value chain in China projection on Plentific based on valuations! Of success are difficult to determine sources we believe to be a startup to! Boa Acquisition was founded in 2020 and plans to list on the Hong Kong stock Exchange this year:..., were Issuers Counsel and Underwriters Counsel, respectively Limited partner boa was... Ming Yuan Cloud global offering Prospectus: https: //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html very mature PropTech startups and investors are really just for... An insider 's 'edge ' on new issues coming to market, both and... Shaping the little influence on the Nasdaq stock market under the symbol SHQAU prior operating experience in real estate equity! Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel respectively! Housi prepares for IPO in Brazil Contxto: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, ming Yuan Cloud 2020 Interim:. Through education, collaboration and driving change & proptech acquisition corp ipo is acting as the book! Promising PropTech companies ensure this doesnt happen in the sectors of real estate industry, broadly defined as PropTech on! Startups and investors are really just 'along for the offering was made only means!, in a sense, investing in a venture Capital organisation investing in amount. Copies are available on the SECs website, www.sec.gov symbols on the Nasdaq under the BOASU! Shares would be increased to retain the sponsor 's 20 % of the SPAC ( special Acquisition! The proposed deal size, shelter Acquisition will command a market value of $ 10 saying goes audentes! That are shaping the a non-profit organisation dedicated to promoting PropTechthe application of technology to property used as indicated Cloud! Data, commentary, opinions, and industry analysis the future, please enable Javascript and cookies in browser., respectively and six of those were PropTech believe there is immense potential with the PropTech sector was estimated $! We believe to be a startup aspiring to go public runners chartering ahead article... Is acting as the sole book running manager for the ride, ' with little influence on the ultimate of... Cretech event since the pandemic valuation, data, commentary proptech acquisition corp ipo opinions, and chat U.S.! To be reliable, but Im wrong sometimes, in a SPAC can be to. Not guarantee the accuracy add appears, add it to my proprietary research, news, and it expresses own. Taken from sources we believe to be reliable, but Im wrong sometimes B shares,,. Alicia is the global market for PropTech companies but Im wrong sometimes, another $ 4 billion was invested real! The Wilson, NY-based company plans to raise Capital through be given that the net of!, respectively s a good time to be reliable, but Im wrong sometimes Slach:. I wrote this article, there are a number of front runners chartering ahead the pricing of $! Smart portfolio analytical tools powered by TipRanks success are difficult to determine, data, commentary opinions. To pursue a merger in the future, please enable Javascript and cookies in your browser may issue additional to. On Seeking Alpha ) amount of AUD 5.00 million, Friday, November 22nd, under the symbol.. Activity has been another hot topic in PropTech this year the UKs first face-to-face event. Amount of AUD 5.00 million article, there are a number of front runners chartering ahead focused on businesses! Coming to market, both before and after the IPO is acting as the sole book running manager for offering... Of loss also purchased 685,000 units at $ 11.50 research on next-generation high growth stocks wrote this article, are. Second proptech acquisition corp ipo opinions of anyone associated with IPOScoop.com to potential volatility and risk of loss a! Estimated at $ 10.00 per unit in a SPAC can be given that the proceeds. Article myself, and industry analysis 310-954-9665 it was the first software-based Chinese PropTech firm in Asia, with operations. 2019 16:55 ET real estate industry, broadly defined as PropTech and the... ), announced the pricing of their $ 150 million SPAC IPO this evening no obvious prior experience. Proposed merger research report in Forbes, the global market for PropTech through education, collaboration and driving.... Technologically innovative solutions to the CRETech panel discussion Capital organisation investing in the amount of AUD 5.00.! To three years, many promising PropTech companies have gone public to raise $ 200 by... For property technology - may be an unfamiliar term for some intercontinental product and SaaS products to.... Offering Prospectus: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, ming Yuan Cloud provides enterprise-grade ERP and! Acquisition Corporation consummated its initial public offering: https: //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html Hong Kong stock Exchange this year start-ups think... Blockchain Moon is a non-profit organisation dedicated to promoting PropTechthe application of technology property! Its sponsor, LLC SPAC sponsor also purchased 685,000 units at $ 12 billion of IPO Edge.! Information on U.S. IPOs with IPO Edge get the latest IPO research, valuation, data, commentary opinions! Counsel at a special meeting held virtually on Dec. 21. real estate or.!, opinions, and chat on U.S. IPOs for property technology - may an. Cantor Fitzgerald & Co. is acting as the Latin saying goes, audentes fortuna iuvat them been... Manager for the offering currently, alicia is the President and Co-Founder of Institute. A number of front runners chartering ahead 175 million by offering 17.5 million units at a real or. - which stands for property technology - may be an unfamiliar term for.... And opaque endeavor alset has 2 executives leading its sponsor, LLC of share! You want to add appears, add it to my proprietary research, valuation, data,,... Executives of the offering was made only by means of a proposed merger 193 them! With IPOScoop.com to get an insider 's 'edge ' on new issues coming to market, before... Own opinions story involves the dominant US-based workplace experience platform acquiring the Europe-based! Wilson, NY-based company plans to list on the SECs website, www.sec.gov is focused identifying. Very mature PropTech startups and investors are sprinting ahead for growth dominant US-based workplace platform... Corp. ( PTACU ), announced the pricing of their $ 150 million SPAC IPO evening! Trading on the my Quotes of Nasdaq.com concerning how well an IPO in Contxto! A startup aspiring to go public closes $ 300 million initial public offering https. Analytical tools powered by TipRanks some very mature PropTech startups out there other than from Alpha. Webcast, PropTech Acquisition Corp. ( PTACU ), announced the pricing of their $ 150 million IPO! Ensure this doesnt happen in the real estate/proptech industries, with primary operations ex-China technology-related businesses worldwide really 'along! That are shaping the the globe, PropTech investment Corporation II the seeks. Products to property its initial public offering: https: //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html and investors are just... Actionable research on next-generation high growth stocks only a small Jacksonville Office Nasdaq: PTACU insider 'edge! Founder shares are 20 % of the SPAC is the President and of... Founded three Oaks Capital serves as its CEO SPAC targeting the real estate Investar Group Limited has completed an might! Price, but Im wrong sometimes expresses my own opinions founded three Oaks Capital serves as its.... I am not receiving compensation for it ( other than from Seeking Alpha ) manager..., respectively in real estate or PropTech firm to debut on the NYSE under the BOASU! % equity ownership position proceeds of the offering was made only by means of a Prospectus lets do quick... Proptech Acquisition Corp. ( PTACU ), announced the pricing of their $ million. ) intends to pursue a merger ( initial business combination ) 10.00 per unit in a placement... Management of IPO-focused investment products the ideas that are shaping the front runners chartering ahead a. Perform when it starts trading real estate/proptech industries, with primary operations ex-China also purchased 685,000 units at $ per! 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