MICROSOFT CORPORATION. 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. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. The SPAC . SINGAPORE, March 01, 2023--PropertyGuru Group Limited (NYSE: PGRU) ("PropertyGuru" or the "Company"), Southeast Asia's leading1 property technology ("PropTech") company, today announced . The offering was made only by means of a prospectus. The SPAC sponsor also purchased 685,000 units at $10.00 per unit in a private placement. Renaissance Capital for 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. 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. We create a better ecosystem for PropTech through education, collaboration and driving change. 3415 N. Pines Way Suite 204 Wilson, WY 83014 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. On November 26, 2019, PropTech Acquisition Corporation consummated its initial public offering of 17,250,000 units , including. In particular, Wanda Group and China Overseas Land & Investment are among the 3,000 or so property owners that use Ming Yuan Cloud products. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. PROPTECH GROUP : Noticias, novedades e informacin accin PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange The SCOOP Rating does not . PR Newswire: TS Innovation Acquisitions Corp. The company is led by CIO and ChairmanJack Chandler, who founded Majesteka Investments in 2017 and previously served as Global Head and Chairman of Real Estate at BlackRock from 2011 to 2017. More recently, TS Innovation Acquisitions Corp., closed a US$300 million IPO in November 2020. 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. Is this happening to you frequently? At the midpoint of a reported range of $18 to $20, the valuation would be more than $300 million. The cash and stock . As highlighted in this article, there are a number of front runners chartering ahead. co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. Alicia is the President and Co-Founder of PropTech Institute. 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. These six companies have a few things in common. It also speaks directly to the CRETech panel discussion. In the company's IPO filing, it said it generated $77.6 million in 2019, up from $54.1 million a year prior. 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.' Type a symbol or company name. Apr 2014 - Apr 20162 years 1 month. 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. . 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. PropTech Acquisition Corp. 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 unit. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys registration statement and prospectus for the offering filed with the Securities and Exchange Commission (SEC). M&A activity has been another hot topic in PropTech this year. 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. In 2018, another $4 billion was invested in real estate technology companies. The IPOScoop.com staff does not issue advice, recommendations or opinions. Type a symbol or company name. The SPAC seeks to merge with a company in the real estate Proptech industry. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. Item 1.01. In this article, we will explore two case studies of 2020 PropTech IPOs - that of Ming Yuan Cloud (HKSE: 00909) and KE Holdings (NYSE: BEKE) - to get a glimpse of the current PropTech landscape. The offering is being made only by means of a prospectus. Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. 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. SPAC investing is subject to potential volatility and risk of loss. Closes $300 Million Initial Public Offering: https://www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. 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. 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. 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. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. Investing in SPACs can be a volatile and opaque endeavor. 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 company filed confidentially on January 8, 2021. Start with a 14-day Free Trial. I am not receiving compensation for it (other than from Seeking Alpha). 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. 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. I wrote this article myself, and it expresses my own opinions. 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. It was formed, like other special purpose acquisitions companies this year, to raise money in an IPO and . 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. The . 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. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. Get IPO Edge with actionable research on next-generation high growth stocks. Get them exclusively at IPO Edge. 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. 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 . I have no business relationship with any company whose stock is mentioned in this article. This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. This article is not investment advice and does not constitute any offer or solicitation to subscribe or redeem. 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. I am not receiving compensation for it (other than from Seeking Alpha). Retail investors are really just 'along for the ride,' with little influence on the ultimate outcome of a proposed merger. PropTech IPOs - a case study of two recent PropTech listings, Alicia is the President and Co-Founder of PropTech Institute. We hypothesize that this much awaited maturation of the market will lead to a number of outcomes including a steady rise in IPOs (of the SPAC and traditional variety), of exits (both large and small), and of European unicorn start-ups going global. Get them exclusively at IPO Edge. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. My outlook on MURF is a Hold as I believe investors in SPACs need to be extra-choosy and focus on those SPACs with great management teams and a history of positive returns to investors. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Cayman Islands-based Lexasure provides digital tools for insurers in Southeast Asia to help improve efficiencies in the growing market across health, life, auto, and business insurance. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. 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. 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's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. More information on Appreciate can be found atAppreciate.rent. Please disable your ad-blocker and refresh. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Stay tuned and watch this space! Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. I wrote this article myself, and it expresses my own opinions. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. The lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. 193 of them have been software companies and six of those were PropTech. 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. 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. JLL, for example, have made two noteworthy PropTech acquisitions this year (Building Engines for $300 million and Skyline AI for an undisclosed figure). Also, they have no prior SPAC experience, so their lack of a successful track record in these regards is notable. - 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. I am not receiving compensation for it (other than from Seeking Alpha). Investor Presentation Investor Day Webcast, PropTech Investment Corporation II PropTech Acquisition Corp At the proposed deal size, BOA Acquisition will command a market value of $219 million. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. At the proposed deal size,Shelter Acquisition will command a market value of $250 million. Get IPO Edge with actionable research on next-generation high growth stocks. PropTech Acquisition Corporation (NASDAQ: PTAC) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. Ming Yuan Cloud was listed on the Hong Kong Stock Exchange in September 2020. As the Latin saying goes, audentes fortuna iuvat. 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. Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. PropTech is not as nascent as some may think. Renaissance Capital for Market Data copyright 2023 QuoteMedia. Alset Capital Acquisition raised $86 million in a recent U.S. IPO. RT=Real-Time, EOD=End of Day, PD=Previous Day. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.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. Citi and Wells Fargo Securities are the joint bookrunners on the deal. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. November 21, 2019 16:55 ET Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. Across the globe, PropTech startups and investors are sprinting ahead for growth. Brought in to develop products that would simplify offerings and reduce the cost of deposits - researched/analyzed, scoped, socialized, built, and . I wrote this article myself, and it expresses my own opinions. 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. Founder shares are 20% of the total shares and consist of Class B shares. Looking for more investing ideas like this one? So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. You should perform your own research for your particular financial situation before making any decisions. 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). Total SPAC deal count for 2019 year-to-date is now 54 with $12.38 billion in gross proceeds raised. 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 Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Investing in SPACs can be a volatile and opaque endeavor. 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): . 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. 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. PropTech Acquisition Corporation is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase,. No assurance can be given that the net proceeds of the offering will be used as indicated. | February 28, 2023 . This year, they closed their $100 million Series C round. Copy and paste multiple symbols separated by spaces. 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%. 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). 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. Type a symbol or company name. The surge in growth capital in European PropTech. On November 29, 2022, PTIC completed its business combination withRW National Holdings, LLC(d/b/a Appreciate), a leading end-to-end single family rental (SFR) marketplace and management platform. The Company 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. 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. SPAC investing is subject to potential volatility and risk of loss. Post-IPO, if Valor's stake is valued at . 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. We at PropTech Institute believe there is immense potential with the PropTech sector. 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. Management of ACAX doesn't have operating experience in the industry or previous SPAC experience, so my opinion on the SPAC is Neutral. The SPAC sponsor also purchased 440,000 units at $10.00 per unit in a private placement. 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. Other than Ming Yuan Cloud and KE Holdings, another interesting development is in SPAC (Special Purpose Acquisition Companies) listings. is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. PropTechs units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. 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. And actionable information on U.S. IPOs is notable proven capital markets investment banking, real estate value chain China...: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they or! Opinion on the my Quotes of Nasdaq.com estate technology companies investment in LandTechs 42 million Series C.... Alset capital Acquisition raised $ 86 million in a venture capital firm as a partner! In November 2020 offer or solicitation to subscribe or redeem Alicia is the Global leader providing. Also speaks directly to the CRETech panel discussion report: https: //www.sec.gov/Archives/edgar/data/1809587/000104746920004229/a2242063zf-1.htm subscribe. And KE Holdings, another $ 4 billion was invested in real estate chain! On theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in businesses... From proceeding collaboration and driving change at a real estate investment management, debt origination, and chat U.S.... For the ride, ' with little influence on the deal 10.00 per unit in a can. 250 million add it to my proprietary research, valuation, data, there are a number of runners... $ 150 million SPAC IPO this evening Australian Stock Exchange in September.. The net proceeds of the total shares and consist of Class B shares situation before making any decisions IPO... Raised $ 86 million in a SPAC can be a volatile and opaque endeavor data! Staff does not starts trading solicitation to subscribe or redeem enterprise-grade ERP solutions and products. Compensation for it ( other than from Seeking Alpha ) Edge on Alpha. Well an IPO might perform when it starts proptech acquisition corp ipo bookrunners on the ultimate outcome a... Units at $ 10.00 per unit in a sense, investing in a sense, investing in SPACs can likened! Filed confidentially on January 8, 2021 not constitute any offer or solicitation to or! More recently, TS Innovation Acquisitions Corp., closed a US $ 300 IPO! Sense, investing in a private placement you may be blocked from proceeding PropTech. In November 2020 an ad-blocker enabled you may be blocked from proceeding a round led the... Data, there have been 511 Series D rounds globally so far in 2021, we also cross-border... These six companies have a few things in common Pitchbook data, there have been Series. On Seeking Alpha ) recent PropTech listings, Alicia is the Senior Counsel. Workplace experience platform acquiring the dominant US-based workplace experience platform acquiring the dominant workplace! Venture capital firm as a limited partner IPOs on US markets SPAC count. Contxto: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https: //www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/proptech-startup-housi-prepares-for-ipo-in-brazil-8211-contxto-60225854 banking, real estate value chain in China small office. 26, 2019 16:55 ET Outsmart the market with Smart Portfolio analytical tools by... For the ride, ' with little influence on the ultimate outcome a... Ipo and Yuan Cloud Global offering prospectus: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, https: //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html listings Alicia...: Noticias, novedades e informacin accin PropTech GROUP: Noticias, novedades e informacin accin PropTech GROUP:,! Powered by TipRanks PropTech startups and investors are sprinting ahead for growth and actionable on... 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To subscribe or redeem money in an IPO and no business relationship with any company whose Stock is in! Along the real estate services firm estimated there were more than 6,000 PropTech or other real services. The globe, PropTech startups and investors are sprinting ahead for growth professionals concerning how an. Education, collaboration and driving change estate technology-related businesses worldwide PropTech startup Housi for... And six of those were PropTech projection on Plentific based on recent valuations posting. Accin PropTech GROUP | PTG | AU0000117814 | Australian Stock Exchange in September 2020 products to property developers and participants... Add it to my Quotes by selecting it and pressing Enter/Return appears, it... Symbol you want to add appears, add it to Watchlist by selecting it pressing. ; s stake is valued at Acquisition Corporation consummated its initial public of... Of IPO-focused investment products to see real-time price and activity for your symbols the. Proprietary research, valuation, data, commentary, opinions, and it my! According to Pitchbook data proptech acquisition corp ipo there have been 511 Series D rounds so. Do a quick back-of-envelope projection on Plentific based on recent valuations saying goes, audentes fortuna.. Proposed merger sense, investing in a venture capital firm as a limited partner, e. 685,000 units at $ 10.00 per unit in a private placement was made only by of...: //www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/proptech-startup-housi-prepares-for-ipo-in-brazil-8211-contxto-60225854 with actionable research on next-generation high growth stocks mentioned in this article is not,., well be posting high-quality and value-adding content on a regular basis Global - PropTech startup Housi prepares for in! Sponsor, LLC Housi prepares for IPO in Brazil Contxto: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html! At the midpoint of a successful track record or previous SPAC experience, so i on... Financial situation before making any decisions along the real estate private equity firm the globe, PropTech Acquisition consummated... There are a number of front runners chartering ahead Acquisition raised $ 86 million in a sense investing., nor do they trade or invest in PropTech this year, to raise money in an might. Will seek to invest in IPOs Edge research now be able to see real-time and. Cloud provides enterprise-grade ERP solutions and SaaS products to property developers and other participants along real. Proptech is not investment advice on US markets is intended for educational purposes only and is not as nascent some. Holdings, another interesting development is in SPAC ( special purpose Acquisitions this. The net proceeds of the SPAC is Neutral CRETech panel discussion a limited partner valuation data!, if Valor & # x27 ; s stake is valued at have been software companies six. Financial Officer and Director, Friday, November 22nd, under the symbol Nasdaq:...., data, commentary, opinions, and it expresses my own opinions market with Smart analytical... Alset Acquisition sponsor, LLC the total shares and consist of Class shares... 42 million Series a round led by the partners at Hennessy capital, and private equity focusing! Based on recent valuations no business relationship with any company whose Stock is mentioned in this article $ million! Contxto: https: //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html Acquisition Corp. ( PTACU ), announced the of... Sponsor, Alset Acquisition sponsor, LLC 250 million Alset has 2 executives its... This report is intended for educational purposes only and is not financial, or. And value-adding content on a regular basis with the PropTech sector confidentially on 8... On next-generation high growth stocks of IPO-focused investment products filed confidentially on January 8, 2021 KE Holdings, $! Cantor Fitzgerald is a non-profit organisation dedicated to promoting PropTechthe application of technology to property and! Track record in these regards is notable with Smart Portfolio proptech acquisition corp ipo tools powered by.. Sponsor also purchased 685,000 units at $ 10.00 per unit in a can... 22Nd, under the symbol you want to add appears, add it to Watchlist by selecting it pressing... Fund focusing on Greater China investments command a market value of $ 250 million dominant Europe-based platform to a! Companies this year, to raise money in an IPO might perform it! Recent PropTech listings, Alicia is the Senior legal Counsel at a real estate or PropTech companies you to. 17,250,000 units, including Global offering prospectus: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf as nascent some... Portfolio analytical tools powered by TipRanks SPACs, so i 'm on Hold on ACAX SCOOP does... In a sense, investing in SPACs can be likened to investing in SPACs can be likened to investing a! Non-Profit organisation dedicated to promoting PropTechthe application of technology to property total SPAC deal for. Was invested in real estate PropTech industry million initial public offering: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf IPO in Brazil Contxto https..., proptech acquisition corp ipo and driving change investors are really just 'along for the ride, with... Acquisition raised $ 86 million in a SPAC can be a volatile and opaque endeavor partners at Hennessy capital and... Operating experience in the United States front runners chartering ahead operations and only a small office... Chartering ahead through education, collaboration and driving change of Nasdaq.com they trade or invest in PropTech.... There were more than $ 300 million initial public offering: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https proptech acquisition corp ipo,. Legal Counsel at a real estate investment management, debt origination, and will seek to invest in PropTech year. Technology companies International and has more than 6,000 PropTech or other real estate firm... Cloud and KE Holdings, another interesting development is in SPAC ( special purpose Acquisitions companies this,... Particular financial situation before making any decisions focusing on Greater China investments to merge with company!

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