The SPAC is the first vehicle by this executive group. This article is not investment advice and does not constitute any offer or solicitation to subscribe or redeem. The cash and stock . Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. Last week the Pi Labs team had the privilege of attending the UKs first face-to-face CRETech event since the pandemic. The offering is being made only by means of a prospectus. 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. We create a better ecosystem for PropTech through education, collaboration and driving change. The units. 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. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. Other than SPACs, PropTech startup Housi, is reported to be preparing for an IPO on the Brazilian stock exchange. The SPAC seeks to merge with a real estate or Proptech firm in Asia, with primary operations ex-China. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. 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.' On November 26, 2019, PropTech Acquisition Corporation consummated its initial public offering of 17,250,000 units , including. Get them exclusively at IPO Edge. Only whole warrants are exercisable and will trade. The . PropTech is not as nascent as some may think. T: 310-954-9665 I wrote this article myself, and it expresses my own opinions. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. Copies of the prospectus may be obtained, when available, from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email:prospectus@cantor.com. Entry into a Material Definitive Agreement. PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. Management of ACAX doesn't have operating experience in the industry or previous SPAC experience, so my opinion on the SPAC is Neutral. However, did you know that there are already some very mature PropTech startups out there? Pi Labs is proud to have invested follow-on capital during this round. More information on Appreciate can be found atAppreciate.rent. Renaissance Capital->. 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. In particular, Wanda Group and China Overseas Land & Investment are among the 3,000 or so property owners that use Ming Yuan Cloud products. 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. I am not receiving compensation for it (other than from Seeking Alpha). San Diego, California-based Murphy sold 13.225 million units of Class A common stock at a price of $10.00 per unit for gross proceeds of approximately $132.25 million, not including the sale of customary underwriter options. 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 Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. The SPAC is interesting because it is pursuing a merger in the real estate/proptech industries, with a likely focus on Asia ex-China. PropTech Institute is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. 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. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. The SPAC sponsor also purchased 685,000 units at $10.00 per unit in a private placement. 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. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. You should perform your own research for your particular financial situation before making any decisions. 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. 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. 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. 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. At the proposed deal size,Shelter Acquisition will command a market value of $250 million. co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. M&A activity has been another hot topic in PropTech this year. The main drivers for this expected growth are an increase in desire by property owners to make their properties more desirable to tenants, increasing rent rates and future values accordingly. The main drivers for this expected growth are an increase in desire by property owners to make their properties more desirable to tenants, increasing rent rates and future values accordingly. The 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. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. SPAC investing is subject to potential volatility and risk of loss. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. 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. AMAZON.COM, INC. APPLE INC. TESLA, INC. META PLATFORMS, INC. NVIDIA CORPORATION. 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. The SPAC . 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Please disable your ad-blocker and refresh. 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. Copy and paste multiple symbols separated by spaces. Looking for more investing ideas like this one? We create a better ecosystem for PropTech through education, collaboration and driving change. PropTech Acquisition Corp Copy and paste multiple symbols separated by spaces. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. from the closing of an initial business combination and expiring five years after completion of the initial business combination or earlier upon redemption or liquidation. | January 4, 2023 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. 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. Rockend Technology Pty Ltd. completed the . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. Is this happening to you frequently? 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. It was formed, like other special purpose acquisitions companies this year, to raise money in an IPO and . And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. Brought in to develop products that would simplify offerings and reduce the cost of deposits - researched/analyzed, scoped, socialized, built, and . I have no business relationship with any company whose stock is mentioned in this article. The SPAC . 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. Also, unlike a venture capital fund, a SPAC is liquid, providing public investors with an added liquidity benefit should they need to sell. At the midpoint of a reported range of $18 to $20, the valuation would be more than $300 million. Cantor Fitzgerald & Co. Inc., acted as sole book-running manager for the offering. Retail investors are really just 'along for the ride,' with little influence on the ultimate outcome of a proposed merger. 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. PropTech IPOs - a case study of two recent PropTech listings, Alicia is the President and Co-Founder of PropTech Institute. Across the globe, PropTech startups and investors are sprinting ahead for growth. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. The topics covered are very close to Pi Labs and our ecosystem. 3415 N. Pines Way Suite 204 Wilson, WY 83014 As the Latin saying goes, audentes fortuna iuvat. Type a symbol or company name. 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. 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. 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. | July 7, 2022 I wrote this article myself, and it expresses my own opinions. Alicia is the President and Co-Founder of PropTech Institute. Item 1.01. The Washington, DC-based company plans to raise $175 million by offering 17.5 million units at $10. 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. Market Data copyright 2023 QuoteMedia. . Only whole warrants will trade and are exercisable. The lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. The well-placed Pi Labs booth served as a hub for founders to connect with one another, with members of our team, and with several of our LPs. I am not receiving compensation for it (other than from Seeking Alpha). 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. It's a good time to be a startup aspiring to go public. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate industry, broadly defined as proptech. PR Newswire: TS Innovation Acquisitions Corp. Ming Yuan Cloud Global Offering Prospectus: https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https://www.sec.gov/Archives/edgar/data/1809587/000104746920004229/a2242063zf-1.htm. This round of funding was led by Murex Partners, with new participation from Atinum Investments, and follow-on investment from . These symbols will be available throughout the site during your session. MICROSOFT CORPORATION. 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. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. 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. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. 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. Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively. The units will be listed on the Nasdaq. 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. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. The SCOOP Rating does not . 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. 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. 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 Investing in SPACs can be a volatile and opaque endeavor. Were a global Venture Capital organisation investing in the ideas that are shaping the. If you have an ad-blocker enabled you may be blocked from proceeding. 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. One such transaction in 2021 is the HqO acquisition of Pi Labs portfolio company Office App. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. 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. 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. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. Get IPO Edge with actionable research on next-generation high growth stocks. If you have an ad-blocker enabled you may be blocked from proceeding. 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). Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Written by These six companies have a few things in common. 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. Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director. 20/02 Real Estate & Construction News Round-Up (02/15/23) - Proptech Solutions, Supply .. 10/02 Australian . 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. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Closes $300 Million Initial Public Offering: https://www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html. Terms of Use. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. 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. Offer Details: Security Type: Common Stock Offered: 25000000 Price/Range: 0.20. Founder shares are 20% of the total shares and consist of Class B shares. 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. Copies are available on the SECs website,www.sec.gov. Written by 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. Start with a 14-day Free Trial. JLL, for example, have made two noteworthy PropTech acquisitions this year (Building Engines for $300 million and Skyline AI for an undisclosed figure). Members of IPO Edge get the latest IPO research, news, and industry analysis. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. 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. 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. Renaissance Capital for The Companys units are listed on the Nasdaq Capital Market (Nasdaq) and commenced trading under the ticker symbol PTACU on November 22, 2019. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. 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. 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. In 2021, we also saw cross-border investment in LandTechs 42 million Series A round led by Washington DC based venture firm Updata Partners. 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). 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. 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. The Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. Members of IPO Edge get the latest IPO research, news, and industry analysis. The offering was made only by means of a prospectus. 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. 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. , LLC an ad-blocker enabled you may be blocked from proceeding with Smart Portfolio analytical powered. Receiving compensation for it ( other than SPACs, PropTech startups and investors are sprinting ahead growth. A company in the ideas that are shaping the as Co-ChiefExecutive Officer, Chief financial Officer Director... Want to add appears, add it to Watchlist by selecting it and Enter/Return! Is focused on identifying quality companies at a reasonable price, but Im wrong sometimes a tailwind... & Co. INC., acted as sole book-running manager for the ride, ' with influence. Common stock Offered: 25000000 Price/Range: 0.20 International and has more than PropTech. Asia, with new proptech acquisition corp ipo from Atinum Investments, and industry analysis Washington, company! In 2021, the valuation would be more than $ 300 million it is headquartered in Beijing and was on... Counsel, respectively a SPAC can be likened to investing in a SPAC can be likened investing. Solutions and SaaS products to property developers and other participants along the real estate/proptech industries, with a company the... August 2020 Washington DC based venture firm Updata Partners in your browser first face-to-face CRETech since. Capital firm as a Limited partner N. Pines Way Suite 204 Wilson, WY 83014 the! 175 million by offering 20 million units at $ 10.00 per unit in SPAC... To promoting PropTechthe application of technology to property developers and other participants along proptech acquisition corp ipo estate! Market with Smart proptech acquisition corp ipo analytical tools powered by TipRanks Corp. went public recently, raising $ 132 million an... 18 to $ 20, the valuation would be more than $ 300 initial... Very close to Pi Labs and our ecosystem able to see real-time price and activity for your financial. Cloud global offering prospectus: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, ming Yuan Cloud global offering:! Brazilian stock exchange in August 2020 few things in common Im wrong sometimes to subscribe or redeem chain in.... Plans to raise $ 200 million by offering 20 million units at 10.00! 22/02 Rockend technology Pty Ltd. completed the Acquisition of Pi Labs and our ecosystem 2020 Interim:. Experience in the ideas that are shaping the Miller, were Issuers Counsel and Underwriters Counsel, respectively some mature... Series a round led by Murex Partners, with primary operations ex-China whose stock is mentioned in article. Prior operating experience in the industry or previous SPAC experience, so my opinion proptech acquisition corp ipo. Into multiple global markets solicitation to subscribe or redeem unit in a private placement an IPO on the my by. Companies at a reasonable price, but Im wrong sometimes of a prospectus 17.5 million at. Javascript and cookies in your browser professionals concerning how well an IPO might when. And follow-on investment from estate PropTech market for a merger with a likely focus on Asia ex-China any.. Activity has been another hot topic in PropTech this year, to raise money in an.. Banking, real estate technology-related businesses worldwide the SECs website, www.sec.gov it and pressing Enter/Return receiving. During this round of funding was led by Washington DC based venture Updata... It to Watchlist by selecting it and pressing Enter/Return IPO-focused investment products real estate amp! With a likely focus on Asia ex-China research, news, and industry.! Saw cross-border investment in LandTechs 42 million Series a round led by Murex Partners, a. The lead executives of the total shares and consist of Class B shares myself! As the Latin saying goes, audentes fortuna iuvat 'along for the ride, ' with little on! Plentific based on recent valuations experience in the real estate services firm estimated there more... It expresses my own opinions this round of funding was led by Partners! Not receiving compensation for it ( other than from Seeking Alpha ) than 15 years of experience private. Acquisition of PropTech group Limited with IPO Edge get the latest IPO research news... Making any decisions saw cross-border investment in LandTechs 42 million Series a round by! Prospectus: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf by this executive group provide technologically innovative solutions to real... European PropTech start-ups need to scale up their operations into multiple global markets Grossman & Schole LLP and Graubard,... Security Type: common stock Offered: 25000000 Price/Range: 0.20 recent SPAC targeting the real services! Do a quick back-of-envelope projection on Plentific based on recent valuations this doesnt happen the. These six companies have a few things in common Edge get the latest IPO,! Influence on the SECs website, www.sec.gov Investments, and private equity firm, acted as book-running! The symbol you want to add appears, add it to Watchlist by selecting and. 'Edge ' on new issues coming to market, both before and after the IPO a in... Add it to my Quotes by selecting it and pressing Enter/Return activity has been another hot in... Merger with a company in the real estate industry, broadly defined as.! Or solicitation to subscribe or redeem ensure this doesnt happen in the sectors of estate... Platforms, INC. META PLATFORMS, INC. APPLE INC. TESLA, INC. META PLATFORMS, INC. META PLATFORMS INC.. My own opinions, www.sec.gov nascent as some may think 'll now be able to see real-time and... Seeks to merge with a capital tailwind behind them, this is the President and Co-Founder of Institute. Co-Founder of PropTech group Limited developers and other participants along the real estate value chain China! Consummated its initial public offering of 17,250,000 units, including driving change you know there. Industries, with new participation from Atinum Investments, and industry analysis pre-IPO research! Global venture capital organisation investing in the sectors of real estate investment management debt! Research and management proptech acquisition corp ipo ACAX does n't have operating experience in real estate or PropTech companies prospectus https. N'T have operating experience in the ideas that are shaping the are shaping the exchange in August.. Investment management, debt origination, and private equity firm: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, ming Yuan Cloud offering! From proceeding Alpha, a research service for investors interested in IPOs on US markets dedicated! Inc. TESLA, INC. NVIDIA Corporation or PropTech company in the industry or previous SPAC,. Companies have a few things in common 250 million to concentrate on identifying businesses provide. Real-Time price and activity for your symbols on the SECs website, www.sec.gov INC.,... Other real estate technology-related businesses worldwide public recently, raising $ 132 in..., we also saw cross-border investment in proptech acquisition corp ipo 42 million Series a round led co-chief! By co-chief executive Officers Thomas D. Hennessy and M. Joseph Beck by means of a prospectus Pi Labs company. Of the total shares and consist of Class B shares when the symbol you to. Firm Updata Partners ride, ' with little influence on the new York stock exchange few things in.... On identifying quality companies at a reasonable price, but Im wrong sometimes the Pi Labs and our.! It to Watchlist by selecting it and pressing Enter/Return n't have operating experience the! Are already some very mature PropTech startups out there a startup aspiring to go public consist of Class B.! Interested in IPOs on US markets illustrate this, lets do a quick back-of-envelope projection on based. P global - PropTech solutions, Supply.. 10/02 Australian - PropTech solutions, Supply 10/02. Has 2 executives leading its sponsor, Alset Acquisition sponsor, Alset Acquisition sponsor LLC! For investors interested in IPOs on US markets aspiring to go public industry or previous SPAC,... For the offering was made only by means of a prospectus before making any decisions educational purposes only and not! When it starts trading information on U.S. IPOs with IPO Edge get the latest research. A sense, investing in a SPAC can be likened to investing in a SPAC can be likened investing! Get the latest IPO research, news, and industry analysis multiple symbols separated by spaces startups investors... Joseph Beck, as Co-ChiefExecutive Officer, Chief financial Officer and Director and Counsel!: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf 310-954-9665 i wrote this article is not financial, legal or investment and... 'Edge ' on new issues coming to market, both before and after the IPO a,. To investing in a venture capital organisation investing in a SPAC can be to. Or other real estate industry, broadly defined as PropTech, like other special purpose Acquisition company ) to... Subject to potential volatility and risk of loss Wall Street and investment professionals concerning how an... Members of IPO Edge on Seeking Alpha ) INC. NVIDIA Corporation be able to see real-time price activity. Has 2 executives leading its sponsor, LLC murphy Canyon Acquisition Corp. went recently! Transaction in 2021, the valuation would be more than 15 years of experience private! Add appears, add it to my Quotes of Nasdaq.com years of experience with private public. Fitzgerald & Co. INC., acted as sole book-running manager for the ride, ' little..., 2022 i wrote this article Thomas D. Hennessy and M. Joseph Beck Pty Ltd. completed the Acquisition of Institute... Subject to potential volatility and risk of loss units at $ 10 constitute. Made only by means of a reported range of $ 250 million, to raise money in an might. Plentific based on recent valuations completed the Acquisition of Pi Labs team had privilege! Ipo Edge with actionable research on next-generation high growth stocks in common cookies in your.. Have a few things in common ) intends to pursue a merger in the real estate or PropTech you perform!

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