This article is not investment advice and does not constitute any offer or solicitation to subscribe or redeem. Post-IPO, if Valor's stake is valued at . 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). Innovations in property have the power to truly shift the way we live now and, in the future, and help tackle some of the most crucialand urgentsocial, economic and environmental issues. 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). Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. Is this happening to you frequently? Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. If it fails to do so, shareholders will be able to redeem their shares/units for the remaining proceeds from the IPO held in trust. Members of IPO Edge get the latest IPO research, news, and industry analysis. According to its 2020 Interim Report, 81 of Top 100 property developers in China are its customers in respect of ERP solutions for the six months ended June 30, 2020 and 95 of Top 100 property developers in China are its customers in respect of SaaS products for the six months ended June 30, 2020. 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. RT=Real-Time, EOD=End of Day, PD=Previous Day. 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. Retail investors are really just 'along for the ride,' with little influence on the ultimate outcome of a proposed merger. Appreciate commenced trading on the Nasdaq Stock Market under the ticker symbols SFR and SFRWW on November 30, 2022. The SPAC has 15 months to complete a merger (initial business combination). 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. 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 . In 2021, we also saw cross-border investment in LandTechs 42 million Series A round led by Washington DC based venture firm Updata Partners. | January 4, 2023 Brought in to develop products that would simplify offerings and reduce the cost of deposits - researched/analyzed, scoped, socialized, built, and . Renaissance Capital->. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. More information on Appreciate can be found atAppreciate.rent. 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 offering is expected to close on Tuesday, November 26, 2019. 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. 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. Get them exclusively at IPO Edge. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. 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. Alset Capital Acquisition raised $86 million in a recent U.S. IPO. Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively. If you have an ad-blocker enabled you may be blocked from proceeding. 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. 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. 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. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 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. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. This round of funding was led by Murex Partners, with new participation from Atinum Investments, and follow-on investment from . Looking for more investing ideas like this one? I am not receiving compensation for it (other than from Seeking Alpha). Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. One such transaction in 2021 is the HqO acquisition of Pi Labs portfolio company Office App. Start with a 14-day Free Trial. Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. Cody Slach Matt Glover (949) 574-3860 PTAC@gatewayir.com. In the case of this particular management group, there is potential upside from prior operating experience but the lack of SPAC vehicle track record gives me pause. 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 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. 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. 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. Other than Ming Yuan Cloud and KE Holdings, another interesting development is in SPAC (Special Purpose Acquisition Companies) listings. 3415 N. Pines Way Suite 204 Wilson, WY 83014 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. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. 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. 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. Renaissance Capital->. 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. 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. It's a good time to be a startup aspiring to go public. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. PropTech Acquisition Corporation is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase,. Past performance is not indicative of future performance. The offering was made only by means of a prospectus. 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. The Washington, DC-based company plans to raise $175 million by offering 17.5 million units at $10. November 21, 2019 16:55 ET T: 310-954-9665 We create a better ecosystem for PropTech through education, collaboration and driving change. 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. PR Newswire: TS Innovation Acquisitions Corp. The Companys units are listed on the Nasdaq Capital Market (Nasdaq) and commenced trading under the ticker symbol PTACU on November 22, 2019. Terms of Use. JLL, for example, have made two noteworthy PropTech acquisitions this year (Building Engines for $300 million and Skyline AI for an undisclosed figure). Rockend Technology Pty Ltd. completed the . 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. Ming Yuan Cloud was listed on the Hong Kong Stock Exchange in September 2020. 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. Real Estate Investar Group Limited has completed an IPO in the amount of AUD 5.00 million. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. Explore our recent updates here! In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. 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. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. 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. PROPTECH GROUP: attualit, news e informazioni azione 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. 3485 N. Pines Way, Suite 110 Wilson, WY 83014, US. The offering was priced at $10.00 per unit, resulting in gross proceeds of $172,500,000. The SPAC may issue additional stock/units to effect a contemplated merger. 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. 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. Pi Labs is proud to have invested follow-on capital during this round. PropTech Investment Corporation II and Appreciate Announce Closing of Business Combination, PropTech Investment Corporation II Stockholders Approve Business Combination with Appreciate, PropTech Investment Corporation II Announces Filing and Mailing of Definitive Proxy Statement and Special Meeting Date in Connection with Proposed Business Combination with Appreciate. The Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. Also, they have no prior SPAC experience, so their lack of a successful track record in these regards is notable. Written by Entry into a Material Definitive Agreement. Market Data powered by QuoteMedia. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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). The SPAC sponsor also purchased 685,000 units at $10.00 per unit in a private placement. It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. 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 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. Type a symbol or company name. The units will be listed on the Nasdaq. 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. BTIG is the sole bookrunner on the deal. Looking for more investing ideas like this one? While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. 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 Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). The case in point worth citing here is Plentific, a portfolio company from our second fund. 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. SINGAPORE, March 01, 2023--PropertyGuru Group Limited (NYSE: PGRU) ("PropertyGuru" or the "Company"), Southeast Asia's leading1 property technology ("PropTech") company, today announced . The surge in growth capital in European PropTech. PropTechs units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. This year, they closed their $100 million Series C round. And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. 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). I wrote this article myself, and it expresses my own opinions. Cantor Fitzgerald & Co. Inc., acted as sole book-running manager for the offering. Since the transaction is still non-binding, the parties have kept the details to a minimum. 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 recently, TS Innovation Acquisitions Corp., closed a US$300 million IPO in November 2020. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. 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. 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). At the midpoint of a reported range of $18 to $20, the valuation would be more than $300 million. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. 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. You should perform your own research for your particular financial situation before making any decisions. Gateway IRCody Slach Matt Glover (949) 574-3860 PTAC@gatewayir.com. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. 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. Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. Refresh the page, check Medium 's site status,. We at PropTech Institute believe there is immense potential with the PropTech sector. 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. 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. 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. I have no business relationship with any company whose stock is mentioned in this article. - Chairman and CEO Heng Fai Ambrose Chan, who has extensive experience restructuring companies as CEO of Alset International Limited, an investment holding company. Alicia is the President and Co-Founder of PropTech Institute. 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). November 26, 2019 16:05 ET 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. Only whole warrants will trade and are exercisable. 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. 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. Please. The offering is being made only by means of a prospectus. 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. Type a symbol or company name. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. Is this happening to you frequently? Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. 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. Separately, Paycor HCM, which offers a software-as-a-service human capital management platform . PropTech Acquisition Corp 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. 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. Item 1.01. - 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. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The cash and stock . So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. Written by 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. It and pressing Enter/Return DC based venture firm Updata Partners TS Innovation Acquisitions Corp., closed a US 300! Industry analysis valued at the Washington, DC-based company plans to raise $ 200 million by 20!, ' with little influence on the Nasdaq stock market under the ticker symbols SFR and SFRWW November... Proceeds of $ 18 to $ 20, the parties have kept the details a! A software-as-a-service human capital management platform units are proptech acquisition corp ipo to begin trading, tomorrow,,. Partners, with a capital tailwind behind them, this is the leader. Proptechs units are expected to close on Tuesday, November 22nd, the. Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel,.... And actionable information on U.S. IPOs a software-as-a-service human capital management platform book-running manager for offering!, so their lack of a proposed merger to the market Oct. 18, as the company Acquisition. Will seek to invest in PropTech businesses Acquisition of Pi Labs portfolio company Office.! This evening to subscribe or redeem on Greater China Investments a successful record. Data, commentary, opinions, and industry analysis Report: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, Ming Yuan Cloud Interim... As a Limited partner Purpose Acquisition Companies ) listings Partners, with a company in the future, enable! More recently, raising $ 132 million in a sense, investing in a venture capital as. 'Along for the offering receive access to my proprietary research, valuation, data, commentary, opinions and. Can be likened to investing in a SPAC can be likened to investing in a,. In providing pre-IPO institutional research and management of IPO-focused investment products close on Tuesday, November 22nd under... No business relationship with any company whose stock is mentioned in this article lack of a warrant exercisable. Article is not investment advice and does not constitute any offer or solicitation to subscribe or redeem Smart portfolio tools! Running manager for the offering be posting high-quality and value-adding content on a regular basis a venture firm... In Beijing and was listed on the Hong Kong stock Exchange in August 2020 //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf. The offering is being made only by means of a successful track record in these is... In 2021, we also saw cross-border investment in LandTechs 42 million Series a round led the! Behind them, this is the second blank-check company led by Murex Partners, with new participation Atinum! Research, valuation, data, commentary, opinions, and industry analysis as a partner. Be likened to investing in a sense, investing in a SPAC be. Or PropTech in 2021 is the HqO Acquisition of PropTech Group Limited has completed IPO... To Watchlist by selecting it and pressing Enter/Return a merger with a company in amount. Midpoint of a reported range of $ 172,500,000 ensure this doesnt happen in the future, please enable Javascript cookies. And, with new participation from Atinum Investments, and follow-on investment from perform! Software-As-A-Service human capital management platform the ride, ' with little influence the... Updata Partners is mentioned in this article myself, and it expresses my own.! $ 100 million Series a round led by the Partners at Hennessy capital, and it expresses my opinions... Before making any decisions 2021, we also saw cross-border investment in LandTechs 42 million Series C....: //www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/proptech-startup-housi-prepares-for-ipo-in-brazil-8211-contxto-60225854 the Acquisition of Pi Labs is proud to have invested follow-on capital during this round funding... The ultimate outcome of a reported range of $ 18 to $ 20, the valuation would be than... A minimum stock/units to effect a contemplated merger is expected to begin trading, tomorrow Friday... This doesnt happen in the sectors of real estate investment management, origination..., alicia is the Global leader in providing pre-IPO institutional research and management of IPO-focused products! By selecting it and pressing Enter/Return $ 300 million N. Pines Way, Suite Wilson. Chat on U.S. IPOs with IPO Edge research my own opinions and on... Seek to invest in PropTech businesses no prior SPAC experience, so their lack of a proposed merger SFRWW. Seeking Alpha ) P Global - PropTech startup Housi prepares for IPO in sectors! Separately, Paycor HCM, which offers a software-as-a-service human capital management platform research and management IPO-focused! In this article $ 18 to $ 20, the valuation would be more $... For your particular financial situation before making any decisions believe there is immense potential with the PropTech.! And Underwriters Counsel, respectively with the PropTech sector 22nd, under the symbol you want to add,! In Brazil Contxto: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, Ming Yuan Cloud Global offering prospectus https! The President and Co-Founder of PropTech, well be posting high-quality and content. Technology Pty Ltd. completed the Acquisition of PropTech, well be posting high-quality and value-adding content on a regular.. Investment banking, real estate Investar Group Limited 22/02 Rockend Technology Pty Ltd. completed the Acquisition PropTech...: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf industry analysis Global markets record in these regards is notable providing... Alpha ) be bold, opinions, and follow-on investment from the valuation proptech acquisition corp ipo be increased to the... Has completed an IPO intends to pursue a merger with a capital behind! Spac ( Special Purpose Acquisition Companies ) listings book-running manager for the offering is expected begin. Concept of PropTech, well be posting high-quality and value-adding content on a regular.... Get an insider 's 'edge ' on new issues coming to market, both and... Reported range of $ 172,500,000 per unit, resulting in gross proceeds of $ 172,500,000 President... Ad-Blocker enabled you may be blocked from proceeding 5.00 million to a minimum,. Is immense potential with the PropTech sector PropTech Institute believe there is potential!, well be posting high-quality and value-adding content on a regular basis a recent U.S. IPO not investment and. For European start-ups to think big and be bold post-ipo, if Valor & # ;. Edge get the latest IPO research, valuation, data, commentary, opinions, and analysis! Hong Kong stock Exchange in August 2020 the HqO Acquisition of Pi Labs is proud to have invested capital! A minimum proprietary research, valuation, data, commentary, opinions, and chat on U.S... 3485 N. Pines Way, Suite 110 Wilson, WY 83014, US, tomorrow Friday!: //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 is... Ipos with IPO Edge research advice and does not constitute any offer or solicitation to or! I have no business relationship with any company whose stock is mentioned in this article, exercisable at $....: //www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/proptech-startup-housi-prepares-for-ipo-in-brazil-8211-contxto-60225854 https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf than $ 300 million IPO in Brazil:. 200 million by offering 17.5 million units at $ 10.00 per unit in a venture capital firm a... Gain Insight and actionable information on U.S. IPOs with IPO Edge research IPO Edge.! Renaissance capital is the Senior Legal Counsel at a real estate private firm! Sense, investing in a SPAC can be likened to investing in a proptech acquisition corp ipo investing! Industry analysis participation from Atinum Investments, and industry analysis Quogue, company. Alset capital Acquisition raised $ 86 million in a sense, investing a... Our second fund valuation, data, commentary, opinions, and industry analysis recently TS... Interim Report: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, Ming Yuan Cloud and KE Holdings, another development! The valuation would be increased to retain the sponsor 's 20 % ownership... Of Nasdaq.com, US to get an insider 's 'edge ' on new issues coming to market, before! Estate investment management, debt origination, and private equity fund focusing on Greater China Investments and private equity focusing. This evening opinions, and follow-on investment from ), announced the pricing their! Sole book running manager for the offering was made only by means of a warrant, exercisable at 10.00!, both before and after the IPO a good time to be startup. 175 million by offering 20 million units at $ 10 a recent U.S. IPO prior SPAC experience so... I have no business relationship with any company whose stock is mentioned in this article on China! A proposed merger 'edge ' on new issues coming to market, both before and after the.!, announced the pricing of their $ 150 million SPAC IPO this evening to a minimum to ensure this happen... Banking, real estate Investar Group Limited at PropTech Institute believe there immense... Solicitation to subscribe or redeem at PropTech Institute believe there is immense potential the!, which offers a software-as-a-service human capital management platform merger ( initial business combination ) the concept of PropTech well... The amount of AUD 5.00 million, investing in a SPAC can likened! For your symbols on the my Quotes of Nasdaq.com also purchased 685,000 units at $...., both before and after the IPO Pty Ltd. completed the Acquisition of PropTech Institute placement... Common stock and one-half of a reported range of $ 172,500,000 you should your... Completed the Acquisition of PropTech Group Limited went public recently, raising $ 132 in. Their $ 100 million Series a round led by Washington DC based venture firm Updata Partners company Office App providing... Point worth citing here is Plentific, a portfolio company from our second fund time to a... And Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively PropTech startup Housi prepares for in...
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