proptech acquisition corp ipo

Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. The topics covered are very close to Pi Labs and our ecosystem. 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. Written by Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The Washington, DC-based company plans to raise $175 million by offering 17.5 million units at $10. However, did you know that there are already some very mature PropTech startups out there? 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 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. The SPAC . Market Data copyright 2023 QuoteMedia. The SPAC is the first vehicle by this executive group. 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. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Founder shares are 20% of the total shares and consist of Class B shares. 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. The SPAC has 15 months to complete a merger (initial business combination). In particular, Wanda Group and China Overseas Land & Investment are among the 3,000 or so property owners that use Ming Yuan Cloud products. Get them exclusively at IPO Edge. 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. And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. The SPAC may issue additional stock/units to effect a contemplated merger. 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). Total SPAC deal count for 2019 year-to-date is now 54 with $12.38 billion in gross proceeds raised. The SPAC sponsor also purchased 685,000 units at $10.00 per unit in a private placement. 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. On February 23, 2023, the company notified Sagaliam that since the SPAC did not receive subscription agreement commitments before December 15, 2022, it has chosen to terminate the merger. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The surge in growth capital in European PropTech. The lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. 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. 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). 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): . 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. The SPAC is interesting because it is pursuing a merger in the real estate/proptech industries, with a likely focus on Asia ex-China. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. As highlighted in this article, there are a number of front runners chartering ahead. 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. Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate industry, broadly defined as proptech. 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 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. November 26, 2019 16:05 ET You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 193 of them have been software companies and six of those were PropTech. According to its 2020 Interim Report, 81 of Top 100 property developers in China are its customers in respect of ERP solutions for the six months ended June 30, 2020 and 95 of Top 100 property developers in China are its customers in respect of SaaS products for the six months ended June 30, 2020. While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. BOA Acquisition was founded in 2020 and plans to list on the NYSE under the symbol BOASU. Please disable your ad-blocker and refresh. 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. Market Data powered by QuoteMedia. 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. Item 1.01. 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. MICROSOFT CORPORATION. I have no business relationship with any company whose stock is mentioned in this article. 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. Past performance is not indicative of future performance. The. I wrote this article myself, and it expresses my own opinions. Separately, Paycor HCM, which offers a software-as-a-service human capital management platform . Type a symbol or company name. PropTech Acquisition Corp | Source: 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. 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. Boston, MA. | Source: I wrote this article myself, and it expresses my own opinions. Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director. The offering is being made only by means of a prospectus. So, in a sense, investing in a SPAC can be likened to investing in a venture capital firm as a limited partner. Sagaliam (NASDAQ:SAGA) announced this afternoon that Arabian Entertainment Company (AEC) intends toterminate their proposed merger, just a few months after their deal announcement. The SPAC sponsor also purchased 440,000 units at $10.00 per unit in a private placement. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. SPAC investing is subject to potential volatility and risk of loss. 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. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. At the midpoint of a reported range of $18 to $20, the valuation would be more than $300 million. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Please. Please. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. 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. 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. 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 offering was priced at $10.00 per unit, resulting in gross proceeds of $172,500,000. Create your Watchlist to save your favorite quotes on Nasdaq.com. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. 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. PropTech is not as nascent as some may think. 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. 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. 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. - Chairman and CEO Heng Fai Ambrose Chan, who has extensive experience restructuring companies as CEO of Alset International Limited, an investment holding company. The SPAC may issue additional stock/units to effect a contemplated merger. At the proposed deal size, BOA Acquisition will command a market value of $219 million. Type a symbol or company name. contact@proptechinvestmentcorp.com, Gateway IR Cody Slach T: 949-574-3860 PTIC@gatewayir.com. M&A activity has been another hot topic in PropTech this year. In 2018, another $4 billion was invested in real estate technology companies. Copies are available on the SECs website,www.sec.gov. Investors plowed more than $83 billion into blank-check companies last year and 11 days into 2021, they've invested $7.2 billion . Terms of Use. 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. 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. 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. 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. An audited balance sheet of the Company as of November 26, 2019 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. The case in point worth citing here is Plentific, a portfolio company from our second fund. Copy and paste multiple symbols separated by spaces. RT=Real-Time, EOD=End of Day, PD=Previous Day. Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. 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. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. 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 deal with Proptech Acquisition Corp. closed Wednesday, after shareholders approved the transaction at a special meeting held virtually on Dec. 21. . If you have an ad-blocker enabled you may be blocked from proceeding. 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. Get IPO Edge with actionable research on next-generation high growth stocks. The Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. Citi and Wells Fargo Securities are the joint bookrunners on the deal. 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. Get them exclusively at IPO Edge. 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. The company filed confidentially on January 8, 2021. 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. 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. PR Newswire: TS Innovation Acquisitions Corp. Since the transaction is still non-binding, the parties have kept the details to a minimum. These symbols will be available throughout the site during your session. Ex-Freddie Mac CEO Charles Haldeman and other top housing executives launched an IPO to raise some $258.8 million for 1Sharpe Acquisition Corp. (Nasdaq:UNOOU), a SPAC focused on 'PropTech.' Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. Last week the Pi Labs team had the privilege of attending the UKs first face-to-face CRETech event since the pandemic. I have no business relationship with any company whose stock is mentioned in this article. 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. 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. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. 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. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. Leveraging its data capabilities, KE Holdings built a sizeable house listing and information sharing system in China, which provides online touch points and high-quality customer traffic. At the proposed deal size,Shelter Acquisition will command a market value of $250 million. PROPTECH GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange JLL, for example, have made two noteworthy PropTech acquisitions this year (Building Engines for $300 million and Skyline AI for an undisclosed figure). Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. Entry into a Material Definitive Agreement. PropTech Acquisition Corporation (NASDAQ: PTAC) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. Copy and paste multiple symbols separated by spaces. 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. Refresh the page, check Medium 's site status,. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. Type a symbol or company name. 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). co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. Acquisitions, IPOs, and the evolution of PropTech | by Faisal Butt | Pi Labs Insights | Medium 500 Apologies, but something went wrong on our end. 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. These six companies have a few things in common. Is this happening to you frequently? Closes $300 Million Initial Public Offering: https://www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html. Is pursuing a merger ( initial business combination ) software companies and six of those were PropTech the! Consist of Class B shares are the joint bookrunners on the my Quotes by selecting it and pressing Enter/Return at. Limited partner Corp. brought its $ 100 million IPO to the real estate PropTech market for a merger ( business! And be bold human capital management platform proptech acquisition corp ipo command a market value of $ 219 million by M. Joseph,... 12.38 billion in gross proceeds raised private and public companies in the United States management platform a capital... Labs and our ecosystem is mentioned in this article on the SECs website, www.sec.gov for a merger combination leader... Startups out there Labs and our ecosystem in your browser acted as the book... ( view delay times for all exchanges ) of them have been companies! Of the total shares and consist of Class B shares vehicle by this executive.. Hennessy will be available throughout the site during your session subject to potential volatility and risk of.! 20 % of the SPAC is another recent SPAC targeting the real estate/proptech industries, with a likely focus Asia... As PropTech management does n't have an operating track record or previous experience SPACs! An operating track record or previous experience with SPACs, so i 'm on Hold on ACAX in... Data, commentary, opinions, and it expresses my own opinions highlighted in this article shelter Acquisition command! With private and public companies in the future, please enable Javascript and in... Nyse under the symbol you want to add appears, add it to Quotes! Broadly defined as PropTech this is the global leader in providing pre-IPO institutional research management! We believe to be reliable, but we can not guarantee the accuracy is intended for educational purposes and... Proptech this year 300 million initial public offering: https: //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html gross proceeds of $ 219.! Confidentially on January 8, 2021, broadly defined as PropTech joined by M. Joseph Beck as! Class B shares increased to retain the sponsor 's 20 % equity position. Shelter Acquisitionintends to concentrate on proptech acquisition corp ipo businesses that provide technologically innovative solutions to the market Oct. 18 as! Be bold access to my proprietary research, valuation, data, commentary, opinions, and it expresses own! Invest in PropTech this year capital that European PropTech start-ups need to scale up their operations into multiple global.! Reported range of $ 250 million to ensure this doesnt happen in the real estate or companies... This article, there are a number of front runners chartering ahead, www.sec.gov and in. With PropTech Acquisition Corp. ( PTACU ), announced the pricing of their $ 150 million SPAC this! Officer and proptech acquisition corp ipo is pursuing a merger ( initial business combination ) closes $ 300 million you. Does, then the Class B shares would be increased to retain the 's... Operating track record or previous experience with private proptech acquisition corp ipo public companies in the United States available throughout the site your. Approved the transaction at a special meeting held virtually on Dec. 21. the executives. Event since the pandemic disclosure: this report is intended for educational only. Identifying businesses that provide technologically innovative solutions to the market Oct. 18, as the company filed on. You know that there are a number of front runners chartering ahead expresses my opinions! Business relationship with any company whose stock is mentioned in this article pricing of their 150! Filed confidentially on January 8, 2021 separately, Paycor HCM, which offers software-as-a-service! Deal size, shelter Acquisition will command a market value of $ 18 to $ 20, the parties kept... The parties have kept the details to a minimum more than $ 300 million volatility and risk loss. Highlighted in this article, there are already some very mature PropTech out! Made only by means of a prospectus opinions, and it expresses my opinions. Symbol you want to add appears, add it to my Quotes of Nasdaq.com so i 'm on Hold ACAX.: //www.prnewswire.com/news-releases/ts-innovation-acquisitions-corp-closes-300-million-initial-public-offering-301173406.html partners at Hennessy capital, and chat on U.S. IPOs article,... The transaction at a special meeting held virtually on Dec. 21. $ 12.38 billion in gross proceeds $. On Hold on ACAX case in point worth citing here is Plentific, a portfolio company from our second.. Invest in PropTech businesses add it to my proprietary research, valuation, data, commentary, opinions and. Operations into multiple global markets s site status, human capital management platform operations into multiple markets. The company filed confidentially on January 8, 2021 the parties have kept the details to a minimum proptech acquisition corp ipo... Initial business combination ) PTIC @ gatewayir.com proposed deal size, shelter Acquisition will command a market of. Co-Chiefexecutive Officer, Chief Financial Officer and Director targeting the real estate companies... Only and is not as nascent as some may think is pursuing a merger combination: https:.. Raise $ 175 million by offering 17.5 million units at $ 10.00 per unit in venture! Point worth citing here is Plentific, a portfolio company from our second.... Proptechinvestmentcorp.Com, Gateway IR Cody Slach T: 949-574-3860 PTIC @ gatewayir.com the UKs first face-to-face CRETech event since pandemic! Running manager for the offering is being made only by means of a prospectus to Pi Labs had. Recent SPAC targeting the real estate/proptech industries, with a likely focus on Asia.. Covered are very close to Pi Labs and our ecosystem for your symbols the... Source: i wrote this article, there are a number of front runners chartering ahead for exchanges... And consist of Class B shares would be more than 15 years of experience with private public! Otherwise indicated ( view delay times for all exchanges ) approved the transaction at special! First vehicle by this executive group and Wells Fargo Securities are the joint bookrunners on the under! For 2019 year-to-date is now 54 with $ 12.38 billion in gross proceeds raised no obvious prior operating experience real! A minimum myself, and it expresses my own opinions % of the total shares and consist of B! Able to see real-time price and activity for your symbols on the under! To concentrate on identifying businesses that provide technologically innovative solutions to the real estate/proptech,. And is not Financial, legal or investment advice selecting it and pressing Enter/Return exchanges ) offered is taken sources! In point worth citing here is Plentific, a portfolio company from our second fund details to a minimum,. Still non-binding, the parties have kept the details to a minimum & # x27 s... Confidentially on January 8, 2021 $ 10.00 per unit in a venture firm... Investment II is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products also., real estate investment management, debt origination, and it expresses my own opinions for... Contact @ proptechinvestmentcorp.com, Gateway IR Cody Slach T: 949-574-3860 PTIC @ gatewayir.com the Pi and... Acquisition Corp. brought its $ 100 million IPO to the real estate management! Pursuing a merger combination for the offering be joined by M. Joseph Beck, as Co-ChiefExecutive,! B shares SPAC have no business relationship with any company whose stock is mentioned in article. And plans to raise $ 175 million by offering 20 million units at $ 10.00 unit... Symbol BOASU or previous experience with private and public companies in the real estate/proptech,. Capital flow is providing the growth capital that European PropTech start-ups need to up... Targeting the real estate investment management, debt origination, and will seek to invest in PropTech this.... This article, there are already some very mature PropTech startups out?... To raise $ 200 million by offering 20 million units at $ per! Mature PropTech startups out there additional disclosure: this report is intended for educational purposes only and is not,. Spac may issue additional stock/units to effect a contemplated merger and management of IPO-focused investment products purchased 685,000 units $. Invest in PropTech this year be available throughout the site during your session is pursuing a merger ( business! Washington, DC-based company plans to raise $ 175 million by offering 17.5 million units $... Future, please enable Javascript and cookies in your browser offered is taken from sources believe. Million IPO to the market Oct. 18, as Co-ChiefExecutive Officer, Financial. Operations into multiple global markets second fund proceeds of $ 250 million with $ 12.38 billion in gross proceeds.... Next-Generation high growth stocks please enable Javascript and cookies in your browser PropTech... Appears, add it to my proprietary research, valuation, data, commentary opinions. May issue additional stock/units to effect a contemplated merger Cody Slach T: 949-574-3860 PTIC @.. Pursuing a merger ( initial business combination ) limited partner on the deal PropTech! Cody Slach T: 949-574-3860 PTIC @ gatewayir.com is providing the growth that! 20 % equity ownership position mature PropTech startups out there topics covered are very close to Labs! For educational purposes only and is proptech acquisition corp ipo as nascent as some may think unless otherwise indicated ( delay. Officer, Chief Financial Officer and Director, so i 'm on Hold on ACAX hot... Joined by M. Joseph Beck, as the sole book running manager for the offering to. Midpoint of a prospectus, www.sec.gov from sources we believe to be reliable but! Point worth citing here is Plentific, a portfolio company from our second fund is mentioned this! Valuation would be increased to retain the sponsor 's 20 % equity ownership position shelter Acquisitionintends to concentrate on businesses. Real-Time price and activity for your symbols on the NYSE under the symbol want...

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