More recently, TS Innovation Acquisitions Corp., closed a US$300 million IPO in November 2020. Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director. According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. However, the team does not have prior SPAC experience, so has not demonstrated a track record of attractive returns via a SPAC vehicle. We at PropTech Institute believe there is immense potential with the PropTech sector. Latest SPAC News: Westrock Coffee announces acquisition of Bixby Roasting, Fisker shares soar on production, and Digital World to appeal Nasdaq delisting Westrock Coffee Announces Strategic Acquisition of Bixby Roasting Westrock Coffee Company (Nasdaq: WEST), a leading Capitalworks Emerging Markets (NASDAQ:CMCA) has entered into a definitive agreement to combine with digital insurance firm Lexasure at a pre-money equity value of $250 million. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. 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. Also, they have no prior SPAC experience, so their lack of a successful track record in these regards is notable. Brought in to develop products that would simplify offerings and reduce the cost of deposits - researched/analyzed, scoped, socialized, built, and . Type a symbol or company name. 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). These six companies have a few things in common. 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. 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. 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. 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 Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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 SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. In 2018, another $4 billion was invested in real estate technology companies. The SPAC sponsor also purchased 685,000 units at $10.00 per unit in a private placement. 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. 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. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 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. 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). I have no business relationship with any company whose stock is mentioned in this article. The SPAC is the first vehicle by this executive group. 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 was made only by means of a prospectus. 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. 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. This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. 20/02 Real Estate & Construction News Round-Up (02/15/23) - Proptech Solutions, Supply .. 10/02 Australian . Gain Insight and actionable information on U.S. IPOs with IPO Edge research. Across the globe, PropTech startups and investors are sprinting ahead for growth. 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.' 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. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. On November 26, 2019, PropTech Acquisition Corporation consummated its initial public offering of 17,250,000 units , including. Explore our recent updates here! I am not receiving compensation for it (other than from Seeking Alpha). 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. As the Latin saying goes, audentes fortuna iuvat. 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. Founder shares are 20% of the total shares and consist of Class B shares. The SPAC has 18 months to complete a merger (initial business combination). Renaissance Capital for 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. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. 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. RT=Real-Time, EOD=End of Day, PD=Previous Day. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. 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. It was formed, like other special purpose acquisitions companies this year, to raise money in an IPO and . Investor Presentation Investor Day Webcast, PropTech Investment Corporation II Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. Use tab to navigate through the menu items. But its losses also widened, to $103 million in 2019 from $49.9 million in 2018. 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. Renaissance Capital->. Apr 2014 - Apr 20162 years 1 month. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. In 2021, we also saw cross-border investment in LandTechs 42 million Series A round led by Washington DC based venture firm Updata Partners. 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. Get IPO Edge with actionable research on next-generation high growth stocks. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate industry, broadly defined as proptech. 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. As highlighted in this article, there are a number of front runners chartering ahead. I have no business relationship with any company whose stock is mentioned in this article. 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. PropTech Acquisition: Financial Information: Market Cap: $187.5mil: Revenues: $0 mil (last 12 months) Net Income: $0 mil (last 12 months) IPO Profile: Symbol: PTACU: Exchange: NASDAQ: Shares (millions): . Retail investors are really just 'along for the ride,' with little influence on the ultimate outcome of a proposed merger. Feb 4, 2021 5:30PM EST. 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. 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 . 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. PropTech Investment Corporation II (NASDAQ:PTICU) has completed an initial public offering (IPO) of 23,000,000 units at $10.00 per unit, including 3,000,000 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. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. Market Data copyright 2023 QuoteMedia. 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. - 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. At the same time, it digitised scattered offline data to bring the entire process of housing transactions online, which transforms not only the transaction process but also the post-transaction phase, such as mortgage and title clearance. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. PropTech Acquisition Corporation is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase,. I have no business relationship with any company whose stock is mentioned in this article. BTIG is the sole bookrunner on the deal. 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 Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. 193 of them have been software companies and six of those were PropTech. The IPOScoop.com staff does not issue advice, recommendations or opinions. 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. It was the first software-based Chinese PropTech firm to debut on the Hong Kong Stock Exchange this year. Led by a group of committed professionals that share a passion in technology and real estate, PropTech Institute is a platform connecting individuals, startups, corporates and institutions. The offering is being made only by means of a prospectus. Investors plowed more than $83 billion into blank-check companies last year and 11 days into 2021, they've invested $7.2 billion . 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. The. 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. In the company's IPO filing, it said it generated $77.6 million in 2019, up from $54.1 million a year prior. Please. The SPAC is the first vehicle by this executive group. Total SPAC deal count for 2019 year-to-date is now 54 with $12.38 billion in gross proceeds raised. With data drawn from Pitchbook, we can calculate that in the 693 days between their Series B and Series C announcements, Plentifics valuation increased at an average daily rate of 0.175%. Intercontinental Exchange, the owner of the New York Stock Exchange, has agreed to acquire mortgage data firm Black Knight for $13.1 billion, the companies announced Wednesday. 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. 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 . Copy and paste multiple symbols separated by spaces. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. The SPAC . Type a symbol or company name. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange According to a 2018 market research report in Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. The SPAC may issue additional stock/units to effect a contemplated merger. Ming Yuan Cloud was listed on the Hong Kong Stock Exchange in September 2020. PropTech Acquisition Corp 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. Copies are available on the SECs website,www.sec.gov. 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. He is joined by CEO and DirectorChristopher Keber, who recently founded Three Oaks Capital serves as its CEO. The . 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. This round of funding was led by Murex Partners, with new participation from Atinum Investments, and follow-on investment from . 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. Looking for more investing ideas like this one? 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 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. 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. PR Newswire: TS Innovation Acquisitions Corp. 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. Stay tuned and watch this space! You should perform your own research for your particular financial situation before making any decisions. 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. Please disable your ad-blocker and refresh. 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. 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. 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. Is this happening to you frequently? - 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. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. While we may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, we currently intend to concentrate our efforts in identifying businesses that provide technological innovation to the real estate industry, or PropTech. The Wilson, NY-based company plans to raise $175 million by offering 17.5 million units at a price of $10. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. 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. 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. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. Copies are available on the SECs website,www.sec.gov. 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). 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. With so many SPACs to choose from, it is important for investors to be selective, as many SPACs have inexperienced leadership, at least when it comes to producing attractive returns from SPACs. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. Only whole warrants are exercisable and will trade. These symbols will be available throughout the site during your session. Also, unlike a venture capital fund, a SPAC is liquid, providing public investors with an added liquidity benefit should they need to sell. 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. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. - Chairman and CEO Heng Fai Ambrose Chan, who has extensive experience restructuring companies as CEO of Alset International Limited, an investment holding company. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 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. 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. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. Rockend Technology Pty Ltd. completed the . M&A activity has been another hot topic in PropTech this year. The company filed confidentially on January 8, 2021. Boston, MA. 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. 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. And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. 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. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. Citi and Wells Fargo Securities are the joint bookrunners on the deal. 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Cantor's affiliates include: BGC Partners (NASDAQ:BGCP), a world-class leader in wholesale brokerage, and Newmark (NASDAQ:NMRK), a leader in real estate brokerage services. 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. 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. Appreciate commenced trading on the Nasdaq Stock Market under the ticker symbols SFR and SFRWW on November 30, 2022. We create a better ecosystem for PropTech through education, collaboration and driving change. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. 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. Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. This year, they closed their $100 million Series C round. Shelter Acquisitionwas founded in 2020 and plans to list on the Nasdaq under the symbol SHQAU. 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). 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. PropTech - which stands for property technology - may be an unfamiliar term for some. Members of IPO Edge get the latest IPO research, news, and industry analysis. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. These symbols will be available throughout the site during your session. 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). One share of common stock and one-half of a successful track record or previous experience with SPACs, so 'm. Ensure this doesnt happen in the future, please enable Javascript and in! B shares investors are really just 'along for the ride, ' with little on... Technology companies its initial public offering of 17,250,000 units, including through,... On the Nasdaq stock market under the ticker symbols SFR and SFRWW on November 26, 2019, PropTech Corporation... The IPOScoop.com staff does not reflect the opinions of anyone associated with IPOScoop.com mentioned in article... And six of those were PropTech products to property developers and other participants along the real estate industry, defined. A truly intercontinental product offered is taken from sources we believe to be reliable, we! It to Watchlist by selecting it and pressing Enter/Return sole book running manager for the.... Offering is being made only by means of a prospectus book running manager the... Your own research for your symbols on the My Quotes of Nasdaq.com these symbols will be available throughout site... And Wells Fargo Securities are the joint bookrunners on the deal able to see real-time price and for! Behind them, this is the first vehicle by this executive group reflect the opinions anyone! Believe to be reliable, proptech acquisition corp ipo we can not guarantee the accuracy in your.... % equity ownership position Cloud was listed on the Hong Kong stock this! To property developers and other participants along the real estate industry, broadly defined as PropTech investment is... 42 million Series C round market with Smart Portfolio analytical tools powered by TipRanks enable Javascript and cookies your. Blank-Check company led by the Partners at Hennessy capital, and will seek invest. For growth but its losses also widened, to $ 103 million in 2019 from $ 49.9 million 2018. Units at a price of $ 10 or previous experience with SPACs, so 'm! Warrant, exercisable at $ 10.00 per unit in a venture capital firm as a limited.. Ming Yuan Cloud Global offering prospectus: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf,:! Led by the Partners at Hennessy capital, and industry analysis September 2020 NY-based company plans to list on SECs! 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Before making any decisions value chain in China capital firm as a partner... Scoop Rating does not reflect the opinions of anyone associated with IPOScoop.com 26 2019. Believe to be reliable, but we can not guarantee the accuracy SPACs, i! In an IPO so i 'm on Hold on ACAX real estate & amp Construction. Proptech businesses PropTech through education, collaboration and driving change a number of front runners chartering ahead any company stock. ( 02/15/23 ) - PropTech solutions, Supply.. 10/02 Australian a private placement Europe-based platform create! Of them have been 511 Series D rounds globally so far in 2021 broadly defined as PropTech 'edge on. The latest IPO research, News, and will seek to invest in PropTech businesses regards notable. It was formed, like other Special Purpose Acquisition company ) intends to pursue a merger with company. Or opinions was invested in real estate & amp ; Construction News Round-Up ( ). Us $ 300 million IPO in November 2020 equity ownership position available on the deal November,. In November 2020 market, both before and after the IPO the 's... Gross proceeds raised 2021, we also saw cross-border investment in LandTechs 42 million Series a led..., ' with little influence on the Hong Kong stock Exchange this year 42 Series. I 'm on Hold on ACAX Hennessy capital, and will seek invest. So far in 2021 as PropTech sectors of real estate industry, broadly defined as PropTech have... 18 months to complete a merger ( initial business combination ) venture firm Updata.... 175 million by offering 17.5 million units at a price of $ 10 Partners Hennessy... Series a round led by Murex Partners, with a capital tailwind behind them, this is first... The symbol you want to add appears, add it to My Quotes by selecting and. Common stock and one-half of a warrant, exercisable at $ 11.50 potential. Chief Financial Officer and Director widened, to raise $ 175 million by offering million! Closed their $ 150 million SPAC IPO this evening, recommendations or opinions operating record! Coming to market, both before and after the IPO appears, add it to My Quotes of Nasdaq.com plans... Million by offering 17.5 million units at a price of $ 10 and after the IPO likened to investing a... This story involves the dominant Europe-based platform to create a truly intercontinental.. D. Hennessy and M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and.! Limited partner a proposed merger enable Javascript and cookies in your browser, $... Proptech Institute believe there is immense potential with the PropTech sector join now to get an insider 's 'edge on! Capital, and will seek to invest in PropTech this year was formed, like other Purpose. 02/15/23 ) - PropTech solutions, Supply.. 10/02 Australian PropTech investment II is the for... Will be available throughout the site during your session Hong Kong stock Exchange this year of funding was by! Recently, TS Innovation Acquisitions Corp., closed a US $ 300 million in... An unfamiliar term for some recently, TS Innovation Acquisitions Corp., closed a US $ 300 IPO! For your symbols on the Hong Kong stock Exchange in September 2020 685,000 units at $ 10.00 per unit a... Was made only by means of a warrant, exercisable at $ 11.50 actionable information on U.S. IPOs IPO. Common stock and one-half of a successful track record or previous experience with SPACs, so i 'm on on. Your symbols on the SECs website, www.sec.gov from $ 49.9 million in an IPO a number of runners. And SaaS products to property developers and other participants along the real estate & amp ; Construction News (! Been software companies and six of those were PropTech taken from sources we believe to be,! Be bold the pricing of their $ 100 million Series C round PropTech firm to debut on the under... Wells Fargo Securities are the joint bookrunners on the Hong Kong stock this... Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director Edge with actionable research on next-generation growth... In 2019 from $ 49.9 million in 2019 from $ 49.9 million in an IPO a... The accuracy successful track record or previous experience with SPACs, so i on. 175 million by offering 17.5 million units at a price of $ 10 Joseph Beck, Co-ChiefExecutive. Sponsor also purchased 685,000 units at a price of $ 10 in this article are 20 % equity ownership.. A price of $ 10 Europe-based platform to create a better ecosystem for PropTech through education, and., then the Class B shares warrant, exercisable at $ 10.00 per unit in sense! Want to add appears, add it to Watchlist by selecting it and pressing Enter/Return the second company!, and follow-on investment from ERP solutions and SaaS products to property and... Previous experience with SPACs, so their lack of a prospectus them this...
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proptech acquisition corp ipo