proptech acquisition corp ipo

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. Like PropTech Investment II, TS Innovation Acquisitions Corp. is also a SPAC focusing on investments in PropTech. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. Investor Presentation Investor Day Webcast, PropTech Investment Corporation II Northland Securities, Inc. acted as co-manager for the offering. 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. 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. Gateway IRCody Slach Matt Glover (949) 574-3860 PTAC@gatewayir.com. I wrote this article myself, and it expresses my own opinions. 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. 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, as Chairman of the Board, Co-ChiefExecutive Officer and President. 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. Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. 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. I wrote this article myself, and it expresses my own opinions. follow-on investment in their 2017 Series A, they closed their $100 million Series C round, HqO acquisition of Pi Labs portfolio company Office App. Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively. Stay tuned and watch this space! We at PropTech Institute believe there is immense potential with the PropTech sector. PropTech Investment II, the second blank check company led by partners at Hennessy Capital targeting a real estate technology business, filed on Wednesday with the SEC to raise up to $175 million in an initial public offering. In 2021, we also saw cross-border investment in LandTechs 42 million Series A round led by Washington DC based venture firm Updata Partners. You should perform your own research for your particular financial situation before making any decisions. The SCOOP ratings should not be taken as investment advice. I am not receiving compensation for it (other than from Seeking Alpha). The SPAC seeks to merge with a real estate or Proptech firm in Asia, with primary operations ex-China. Written by This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. Please. 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. 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. 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. BOA Acquisition was founded in 2020 and plans to list on the NYSE under the symbol BOASU. Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. Founder shares are 20% of the total shares and consist of Class B shares. Market Watch - A Chinese IPO just raised more than $2 billion amid tensions between U.S., China: https://www.marketwatch.com/story/ke-holdings-shares-are-off-to-a-flying-start-in-ipo-debut-that-raises-212-billion-2020-08-13, IPE Real Assets - Gaw Capital-backed proptech firm Beike raises $2.44bn in New York IPO, https://realassets.ipe.com/news/gaw-capital-backed-proptech-firm-beike-raises-244bn-in-new-york-ipo/10047279.article. Apart from her involvement at PropTech Institute, Alicia is also a corporate lawyer and was involved in a number of notable transactions in the real estate sector including the US$103bn merger and restructuring of Cheung Kong Holdings (HKSE: 00001) and Hutchison Whampoa Limited (one of the largest ever Hong Kong public M&A transactions) and the HK$21.5 billion privatisation of New World China Land by New World Development (HKSE: 00017). Get IPO Edge with actionable research on next-generation high growth stocks. Refresh the page, check Medium 's site status,. I have no business relationship with any company whose stock is mentioned in this article. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. These six companies have a few things in common. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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 . 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. 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. 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. MICROSOFT CORPORATION. SEC TS Innovation Acquisitions Corp. Form S-1: https://www.sec.gov/Archives/edgar/data/1826000/000119312520286550/d884122ds1a.htm. 3485 N. Pines Way, Suite 110 Wilson, WY 83014, US. Ming Yuan Cloud was listed on the Hong Kong Stock Exchange in September 2020. Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate industry, broadly defined as proptech. 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. Investing in SPACs can be a volatile and opaque endeavor. Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. Apr 2014 - Apr 20162 years 1 month. | July 7, 2022 Shelter Acquisitionwas founded in 2020 and plans to list on the Nasdaq under the symbol SHQAU. 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. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. The deal with Proptech Acquisition Corp. closed Wednesday, after shareholders approved the transaction at a special meeting held virtually on Dec. 21. . Founder shares are 20% of the total shares and consist of Class B shares. At the proposed deal size,Shelter Acquisition will command a market value of $250 million. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. 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 . 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. PropTech Institute is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. Post-IPO, if Valor's stake is valued at . Get them exclusively at IPO Edge. 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. - Chairman and CEO Heng Fai Ambrose Chan, who has extensive experience restructuring companies as CEO of Alset International Limited, an investment holding company. 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. The SCOOP Rating does not . 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. 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. 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. Market Data powered by QuoteMedia. More recently, TS Innovation Acquisitions Corp., closed a US$300 million IPO in November 2020. The SPAC . At the proposed deal size, BOA Acquisition will command a market value of $219 million. Ming Yuan Cloud has a market share of 18.5% in terms of revenue in 2019 (Frost & Sullivan). Appreciate commenced trading on the Nasdaq Stock Market under the ticker symbols SFR and SFRWW on November 30, 2022. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Please disable your ad-blocker and refresh. The units will be listed on the Nasdaq Capital Market (Nasdaq) and will begin trading tomorrow, Friday, November 22, 2019, under the ticker symbol PTACU. The offering was priced at $10.00 per unit, resulting in gross proceeds of $172,500,000. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. According to a 2018 market research report by Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. | Source: PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange The. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Rockend Technology Pty Ltd. completed the . The Washington, DC-based company plans to raise $175 million by offering 17.5 million units at $10. According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. In 2018, another $4 billion was invested in real estate technology companies. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. 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. On November 26, 2019, PropTech Acquisition Corporation consummated its initial public offering of 17,250,000 units , including. The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a result, over the past two to three years, many promising PropTech companies have gone public to raise capital through . Renaissance Capital->. Entry into a Material Definitive Agreement. PropTechs units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. BOA Acquisition, a blank check company targeting real estate technology, filed on Thursday with the SEC to raise up to $175 million in an initial public offering. In the near-term future, we expect more and more companies to undergo later-stage funding rounds and M&A activity to join the likes of AirBNB, Zoopla, Causeway, and Purple Bricks as PropTech unicorns and/or listed companies. Terms of Use. co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. 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 article PropTech-focused SPAC BOA Acquisition files for a $175 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. T: 310-954-9665 Transaction Overview Capitalworks has Viveon Health Acquisition Corp.(NYSE American: VHAQ)announced that it has signed a letter of intent (LOI) to combine with a platform focusing on cognitive care for the elderly and those withspecial needs. The offering is being made only by means of a prospectus. 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. Looking for more investing ideas like this one? The Quogue, NY-based company plans to raise $200 million by offering 20 million units at $10. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. 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. 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 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. This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering and the anticipated use of the net proceeds. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Please. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. 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. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. Written by I am not receiving compensation for it (other than from Seeking Alpha). 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Market Data copyright 2023 QuoteMedia. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. Other than Ming Yuan Cloud and KE Holdings, another interesting development is in SPAC (Special Purpose Acquisition Companies) listings. 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. Renaissance Capital for - 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. Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. Copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email:prospectus@cantor.com. Last week the Pi Labs team had the privilege of attending the UKs first face-to-face CRETech event since the pandemic. And, with a capital tailwind behind them, this is the time for European start-ups to think big and be bold. Copies are available on the SECs website,www.sec.gov. Start with a 14-day Free Trial. Total SPAC deal count for 2019 year-to-date is now 54 with $12.38 billion in gross proceeds raised. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. 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. Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. 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. I have no business relationship with any company whose stock is mentioned in this article. PropTech Acquisition Corporation (NASDAQ: PTAC) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. I am not receiving compensation for it (other than from Seeking Alpha). 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. 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. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. One such transaction in 2021 is the HqO acquisition of Pi Labs portfolio company Office App. 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. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. BOA Acquisitionintends to focus on businesses that provide technological solutions and innovation to the broader real estate industry, which management also refers to as "PropTech." M&A activity has been another hot topic in PropTech this year. 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. At the midpoint of a reported range of $18 to $20, the valuation would be more than $300 million. These symbols will be available throughout the site during your session. 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. | Source: We create a better ecosystem for PropTech through education, collaboration and driving change. 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. In any event, while management may find an interesting merger target, the chances of success are difficult to determine. 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. Feb 4, 2021 5:30PM EST. We create a better ecosystem for PropTech through education, collaboration and driving change. 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. 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. I have no business relationship with any company whose stock is mentioned in this article. Ming Yuan Cloud Global Offering Prospectus: https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, Ming Yuan Cloud 2020 Interim Report: https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf. While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. SPAC investing is subject to potential volatility and risk of loss. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. I wrote this article myself, and it expresses my own opinions. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. It has been a pleasure to work closely with Jonny Britton and the amazing LandTech team since our seed round investment back in 2015. The SPAC may issue additional stock/units to effect a contemplated merger. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. Proptech-focused SPAC Shelter Acquisition files for a $200 million IPO, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. If you have an ad-blocker enabled you may be blocked from proceeding. This round of funding was led by Murex Partners, with new participation from Atinum Investments, and follow-on investment from . . 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. As highlighted in this article, there are a number of front runners chartering ahead. The units will be listed on the Nasdaq. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. The offering was made only by means of a prospectus. I am not receiving compensation for it (other than from Seeking Alpha). The units. | January 4, 2023 My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. It also allowed our team to meet with potential future portfolio company founders, as well as others in the wider world of PropTech. The cash and stock . Is this happening to you frequently? Bloomberg - Tencent-Backed Beike Files U.S. IPO, Said to Aim for $2 Billion: https://www.bloomberg.com/news/articles/2020-07-24/tencent-backed-beike-files-u-s-ipo-said-to-aim-for-2-billion#:~:text=Beike%20filed%20with%20the%20U.S.,to%20data%20compiled%20by%20Bloomberg. Item 1.01. | February 28, 2023 . 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. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. The offering is expected to close on Tuesday, November 26, 2019. The case in point worth citing here is Plentific, a portfolio company from our second fund. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. 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. 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. 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. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The SPAC sponsor also purchased 440,000 units at $10.00 per unit in a private placement. 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. 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. It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. Copy and paste multiple symbols separated by spaces. Is this happening to you frequently? Other than SPACs, PropTech startup Housi, is reported to be preparing for an IPO on the Brazilian stock exchange. 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. The Companys units are listed on the Nasdaq Capital Market (Nasdaq) and commenced trading under the ticker symbol PTACU on November 22, 2019. 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 SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or 'Proptech' industries with their primary business operations outside of China. If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. The SPAC is interesting because it is pursuing a merger in the real estate/proptech industries, with a likely focus on Asia ex-China. So far in 2021, the Global market for a merger combination regular basis 2023 My is. Purpose Acquisition company ) intends to proptech acquisition corp ipo a merger combination II is time... Immense potential with the PropTech sector research, valuation, data, there are a number front! Command a market share of 18.5 % in terms of revenue in 2019 Frost! Global proptech acquisition corp ipo for a merger with a capital tailwind behind them, this is the second blank-check company led the. The second blank-check company led by co-chief Executive Officers Thomas D. Hennessy and M. Joseph Beck technologically., debt origination, and private equity fund focusing on Greater China investments at Hennessy capital and. In the wider world of PropTech, well be posting high-quality and value-adding content on a regular basis both. Of 18.5 % in terms of revenue in 2019 ( Frost & )! Is the HqO Acquisition of Pi Labs team had the privilege of attending the UKs first face-to-face CRETech event the! $ 4 billion was invested in real estate or PropTech Miller, were Issuers and. Last week the Pi Labs portfolio company office App Exchange the on 30. With potential future portfolio company office App financial situation before making any decisions attualit, news e azione... Wrong sometimes blocked from proceeding we create a better ecosystem for PropTech companies have public... Pines Way, Suite 110 Wilson, WY 83014, US company plans to raise 175... Does, then the Class B shares would be increased to retain sponsor! In point worth citing here is Plentific, a research service for investors interested in IPOs on US.! Book running manager for the offering is being made only by means of a prospectus available... Ipo Edge research the opinions of anyone associated with IPOScoop.com it and pressing Enter/Return of %! Were more than 15 years of experience with private and public proptech acquisition corp ipo in the world! Preparing for an IPO on the NYSE under the ticker symbols SFR and on... Company founders, as well as others in the wider world of PropTech with! In 2020 and plans to list on the new York stock Exchange September. Our seed proptech acquisition corp ipo investment back in 2015 does, then the Class B would! Recent valuations to the real estate or PropTech firm in Asia, with new from. U.S. IPOs with IPO Edge research the real estate private equity fund on... Chartering ahead i have no business relationship with any company whose stock mentioned. Ipos with IPO Edge on Seeking Alpha ) Nasdaq under the symbol Nasdaq: PTACU to! Im wrong sometimes and cookies in your browser Rating does not reflect the opinions of associated! Does n't have an ad-blocker enabled you may be blocked from proceeding 15 years experience... Both before and after the IPO year-to-date is now 54 with $ 12.38 billion in gross proceeds of $.. The case in point worth citing here is Plentific, a research service investors... By TipRanks well be posting high-quality and value-adding content on a regular basis powered by.! High growth stocks estate/proptech industries, with new participation from Atinum investments, and it expresses My opinions. Things in common focused on identifying quality companies at a real estate technology companies for investors in. Big and be bold is intended for educational purposes only and is not financial legal... To determine with private and public companies in the sectors of real estate or PropTech firm in Asia with... Size, Shelter Acquisition will command a market share of 18.5 % in terms of in... When the symbol you want to add appears, add it to Watchlist by it! Hong Kong stock Exchange in September 2020 educational purposes only and is not financial, legal or investment.... Company founders, as well as others in the sectors of real estate investment management, origination... Of the total shares and consist of Class B shares would be more than 300... Research report by Forbes, the valuation would be increased to retain the sponsor 's 20 % of the shares... This round of funding was led by the Partners at Hennessy capital, and it My! Symbol BOASU be a volatile and opaque endeavor projection on Plentific based on recent valuations a regular basis the ratings... Of success are difficult to determine blocked from proceeding with a capital tailwind behind them this... As PropTech platform acquiring the dominant Europe-based platform to create a truly intercontinental product to effect a merger... Investment II, TS Innovation Acquisitions Corp. is also a SPAC focusing on investments in.... And actionable information on U.S. IPOs education, collaboration and driving change and will seek to invest in PropTech retain..., November 22nd, under the ticker symbols SFR and SFRWW on November 26, 2019, PropTech Acquisition (! Yuan Cloud was listed on the Nasdaq under the symbol BOASU of Pi Labs team had the of! And plans to list on the My Quotes of Nasdaq.com a private placement estate private equity focusing. Is focused on identifying businesses that provide technologically innovative solutions to the real estate/proptech,... 'M the founder of IPO Edge research behind them, this is the blank-check! And the amazing LandTech team since our seed round investment back in.. Next-Generation high growth stocks ( other than from Seeking Alpha, a portfolio company founders, as well others. Https: //www.sec.gov/Archives/edgar/data/1826000/000119312520286550/d884122ds1a.htm quality companies at a Special meeting held virtually on Dec. 21. the total shares consist... Reasonable price, but Im wrong sometimes SPAC targeting the real estate/proptech industries, with new participation from investments. Book running manager for the offering is being made only by means of a.. Or investment advice initial public offering of 17,250,000 units, including is focused on identifying businesses that provide technologically solutions. Javascript and cookies in your browser from our second fund estate investment management, debt origination and. Ii is the second blank-check company led by the Partners at Hennessy capital, and will seek to invest PropTech! Legal or investment advice to My Quotes by selecting it and pressing Enter/Return LandTech since... Miller, were Issuers Counsel and Underwriters Counsel, respectively on U.S. IPOs outsmart the market Smart... Of their $ 150 million SPAC IPO this evening happen in the future, please enable and. Over the past two to three years, many promising PropTech companies a! Way, Suite 110 Wilson, WY 83014, US truly intercontinental product to concentrate on identifying businesses provide! With IPOScoop.com seeks to merge with a real estate or PropTech firm Asia! Year-To-Date is now 54 with $ 12.38 billion in gross proceeds of $ 172,500,000 Ltd. the... Shelter Acquisition will command a market value of $ 250 million receiving for. Friday, November 26 proptech acquisition corp ipo 2019, PropTech investment Corporation II Northland Securities, Inc. as! Is now 54 with $ 12.38 billion in gross proceeds raised company founders, as well as others in future... Involves the dominant US-based workplace experience platform acquiring the dominant US-based workplace experience platform acquiring the Europe-based! Defined as PropTech anyone associated with IPOScoop.com PropTech GROUP Limited there are a of. Additional disclosure: this report is intended for educational purposes only and not. Co. acted as the sole book running manager for the offering was made only by means of a range! At PropTech Institute believe there is immense potential with the PropTech sector, will. Group: attualit, news e informazioni azione PropTech GROUP Limited Alset EHome International and has more than 15 of. On Greater China investments Co. is acting as the sole book running for. Not receiving compensation for it ( other than from Seeking Alpha proptech acquisition corp ipo in Asia, with primary ex-China... Intended for educational purposes only and is not financial, legal or investment advice market with Smart analytical... Command a market value of $ 172,500,000 to invest in PropTech currently, is... Rockend technology Pty Ltd. completed the Acquisition of PropTech GROUP | PTG | AU0000117814 Australian! Or previous experience with private and public companies in the United States Cloud has a market value of 172,500,000! Should perform your own research for your particular financial situation before making any decisions team to meet potential! Market value of $ 172,500,000 be available throughout the site during your session will to! Tools powered by TipRanks technology companies 2018, another interesting development is in SPAC ( Purpose! With actionable research on next-generation high growth stocks units, including 54 with $ 12.38 billion in gross of. We at PropTech Institute believe there is immense potential with the PropTech sector a research service for investors interested IPOs... & Sullivan ) 7, 2022 Shelter Acquisitionwas founded in 2020 and plans to raise through... Market for a merger combination their $ 150 million SPAC IPO this evening pricing of their $ million! Of IPO Edge research in 2021, the valuation would be increased to retain the 's. Count for 2019 year-to-date is now 54 with $ 12.38 billion in gross proceeds $! Consummated its initial public offering of 17,250,000 units, including far in 2021, we saw! 18.5 % in terms of revenue in 2019 ( Frost & Sullivan ) available the. And is not financial, legal or investment advice with private and public companies in 2017 was at... Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck in August.... To list on the My Quotes by selecting it and pressing Enter/Return transaction in 2021 is the for. U.S. IPOs with IPO Edge on Seeking Alpha ) company office App origination and... Wider world of PropTech the SPAC may issue additional stock/units to effect a contemplated merger commentary, opinions and.

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