PropTech Acquisition Corporation (NASDAQ: PTAC) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. Only whole warrants are exercisable and will trade. 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. 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.
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 IPOScoop.com staff does not issue advice, recommendations or opinions. Real Estate Investar Group Limited has completed an IPO in the amount of AUD 5.00 million. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The offering was priced at $10.00 per unit, resulting in gross proceeds of $172,500,000. Get them exclusively at IPO Edge. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. If you have an ad-blocker enabled you may be blocked from proceeding. According to a statement released by the two companies in January of this year, the deal has an equity value of $1.56 billion, and Latch has received approximately $453 million in cash proceeds . 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. We at PropTech Institute believe there is immense potential with the PropTech sector. 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
The surge in growth capital in European PropTech. 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). - Chairman and CEO Heng Fai Ambrose Chan, who has extensive experience restructuring companies as CEO of Alset International Limited, an investment holding company. The SPAC seeks to merge with a company in the real estate Proptech industry. Terms of Use. Investing in SPACs can be a volatile and opaque endeavor. 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. 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). PropTech - which stands for property technology - may be an unfamiliar term for some. Create your Watchlist to save your favorite quotes on Nasdaq.com. AMAZON.COM, INC. APPLE INC. TESLA, INC. META PLATFORMS, INC. NVIDIA CORPORATION. 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. PR Newswire: TS Innovation Acquisitions Corp. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. More information on Appreciate can be found atAppreciate.rent. Investing in SPACs can be a volatile and opaque endeavor. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. According to a 2018 market research report in Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. 3415 N. Pines Way Suite 204 Wilson, WY 83014
Is this happening to you frequently? Investor Presentation Investor Day Webcast, PropTech Investment Corporation II
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. PropTech Acquisition Corp
. This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering and the anticipated use of the net proceeds. I have no business relationship with any company whose stock is mentioned in this article. 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. Explore our recent updates here! Feb 4, 2021 5:30PM EST. Founder shares are 20% of the total shares and consist of Class B shares. I have no business relationship with any company whose stock is mentioned in this article. Market Data powered by QuoteMedia. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Ming Yuan Cloud has a market share of 18.5% in terms of revenue in 2019 (Frost & Sullivan). The offering is expected to close on Tuesday, November 26, 2019. 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. Written by Total SPAC deal count for 2019 year-to-date is now 54 with $12.38 billion in gross proceeds raised. BTIG is the sole bookrunner on the deal. Cantor Fitzgerald & Co. Inc., acted as sole book-running manager for the offering. The SCOOP ratings should not be taken as investment advice. November 26, 2019 16:05 ET
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. 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. Founder shares are 20% of the total shares and consist of Class B shares. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. I am not receiving compensation for it (other than from Seeking Alpha). Last week the Pi Labs team had the privilege of attending the UKs first face-to-face CRETech event since the pandemic. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. SPAC investing is subject to potential volatility and risk of loss. 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. 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 case in point worth citing here is Plentific, a portfolio company from our second fund. Investment involves risk. Cody Slach Matt Glover (949) 574-3860 PTAC@gatewayir.com. Pi Labs is proud to have invested follow-on capital during this round. The . 20/02 Real Estate & Construction News Round-Up (02/15/23) - Proptech Solutions, Supply .. 10/02 Australian . Only whole warrants will trade and are exercisable. 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. 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. Past performance is not indicative of future performance. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. We create a better ecosystem for PropTech through education, collaboration and driving change. 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. Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. Start with a 14-day Free Trial. The SPAC may issue additional stock/units to effect a contemplated merger. 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. Rockend Technology Pty Ltd. completed the . Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. The units will be listed on the Nasdaq.
I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. 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 .
PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. Renaissance Capital->. Please disable your ad-blocker and refresh. 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.
| July 7, 2022 PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. 193 of them have been software companies and six of those were PropTech. Type a symbol or company name. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. The cash and stock . 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. 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. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. Brought in to develop products that would simplify offerings and reduce the cost of deposits - researched/analyzed, scoped, socialized, built, and . This year, they closed their $100 million Series C round. 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 am not receiving compensation for it (other than from Seeking Alpha). When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. 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. 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. The Wilson, NY-based company plans to raise $175 million by offering 17.5 million units at a price of $10. | February 28, 2023 .
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 Rating does not . 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . It was formed, like other special purpose acquisitions companies this year, to raise money in an IPO and .
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.' These symbols will be available throughout the site during your session. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck.
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. Management of ACAX doesn't have operating experience in the industry or previous SPAC experience, so my opinion on the SPAC is Neutral. The article Proptech-focused SPAC Shelter Acquisition files for a $200 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. 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. 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. 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. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. The 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. Looking for more investing ideas like this one? 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 SPAC is the first vehicle by this executive group. Alset Capital Acquisition raised $86 million in a recent U.S. IPO.
To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. | January 4, 2023 It's a good time to be a startup aspiring to go public. 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. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. I have no business relationship with any company whose stock is mentioned in this article. Help you master the concept of PropTech, well be posting high-quality value-adding. If it does, then the Class B shares would be increased to retain the sponsor 's %... Is Plentific, a research service for investors interested in IPOs on markets! 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