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. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. According to data compiled by Bloomberg, at c.US$2 billion, it was the largest IPO of a Chinese firm in the US for more than two years. 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. We create a better ecosystem for PropTech through education, collaboration and driving change. Feb 4, 2021 5:30PM EST. 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. Start with a 14-day Free Trial. Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. The SPAC sponsor also purchased 440,000 units at $10.00 per unit in a private placement. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. Boston, MA. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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 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. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. The SPAC seeks to merge with a real estate or Proptech firm in Asia, with primary operations ex-China. 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. 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. 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. AMAZON.COM, INC. APPLE INC. TESLA, INC. META PLATFORMS, INC. NVIDIA CORPORATION. As a result, over the past two to three years, many promising PropTech companies have gone public to raise capital through . The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. November 21, 2019 16:55 ET I have no business relationship with any company whose stock is mentioned in this article. The deal with Proptech Acquisition Corp. closed Wednesday, after shareholders approved the transaction at a special meeting held virtually on Dec. 21. . Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. The units will be listed on the Nasdaq. Copy and paste multiple symbols separated by spaces. 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." Market Data powered by QuoteMedia. . The. PropTech Investment Corporation II and Appreciate Announce Closing of Business Combination, PropTech Investment Corporation II Stockholders Approve Business Combination with Appreciate, PropTech Investment Corporation II Announces Filing and Mailing of Definitive Proxy Statement and Special Meeting Date in Connection with Proposed Business Combination with Appreciate. Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. Investing in SPACs can be a volatile and opaque endeavor. The Wilson, NY-based company plans to raise $175 million by offering 17.5 million units at a price of $10. 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. The main drivers for this expected growth are an increase in desire by property owners to make their properties more desirable to tenants, increasing rent rates and future values accordingly. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. In the company's IPO filing, it said it generated $77.6 million in 2019, up from $54.1 million a year prior. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. Founder shares are 20% of the total shares and consist of Class B shares. According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. 20/02 Real Estate & Construction News Round-Up (02/15/23) - Proptech Solutions, Supply .. 10/02 Australian . 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. More recently, TS Innovation Acquisitions Corp., closed a US$300 million IPO in November 2020. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. 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). I wrote this article myself, and it expresses my own opinions. 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 . This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering and the anticipated use of the net proceeds. I am not receiving compensation for it (other than from Seeking Alpha). No assurance can be given that the net proceeds of the offering will be used as indicated. The Companys units are listed on the Nasdaq Capital Market (Nasdaq) and commenced trading under the ticker symbol PTACU on November 22, 2019. | February 28, 2023 . Type a symbol or company name. Retail investors are really just 'along for the ride,' with little influence on the ultimate outcome of a proposed merger. Copies are available on the SECs website,www.sec.gov. Please. Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in 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. BTIG is the sole bookrunner on the deal. 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. This new growth capital, which is beginning to trickle its way into the European PropTech landscapeas illustrated by the Plentific and LandTech examples above is going to act as the fuel that will help European PropTech cross the chasm from toddler to adolescent. I am not receiving compensation for it (other than from Seeking Alpha). Type a symbol or company name. This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. He is joined by CEO and DirectorChristopher Keber, who recently founded Three Oaks Capital serves as its CEO. PropTech-focused SPAC BOA Acquisition files for a $175 million IPO, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). 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. 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. Shelter Acquisitionwas founded in 2020 and plans to list on the Nasdaq under the symbol SHQAU. Murphy Canyon Acquisition Corp. (NASDAQ:MURF) has raised $132.25 million from an IPO at a price of $10.00 per unit, according to the terms of its most recent S-1/A regulatory filing. Members of IPO Edge get the latest IPO research, news, and industry analysis. Alset Capital Acquisition raised $86 million in a recent U.S. IPO. 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. Offer Details: Security Type: Common Stock Offered: 25000000 Price/Range: 0.20. 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 GROUP : Noticias, novedades e informacin accin PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange Type a symbol or company name. Also, they have no prior SPAC experience, so their lack of a successful track record in these regards is notable. Explore our recent updates here! The SPAC sponsor also purchased 685,000 units at $10.00 per unit in a private placement. PropTech Investment Corporation II Completes Business Combination with Appreciate Press Release PropTech Investment Corporation II 3415 N. Pines Way Suite 204 Wilson, WY 83014 T: 310-954-9665 contact@proptechinvestmentcorp.com Gateway IR Cody Slach T: 949-574-3860 Copy and paste multiple symbols separated by spaces. The . The offering was made only by means of a prospectus. For more updates from the team and for a look into life at Pi Labs, follow us on Instagram and subscribe to our monthly newsletter. Management of ACAX doesn't have operating experience in the industry or previous SPAC experience, so my opinion on the SPAC is Neutral. Only whole warrants are exercisable and will trade. PR Newswire: TS Innovation Acquisitions Corp. Were a global Venture Capital organisation investing in the ideas that are shaping the. 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. 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. You should perform your own research for your particular financial situation before making any decisions. 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 lead executives of the SPAC have no obvious prior operating experience in real estate or proptech companies. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. I wrote this article myself, and it expresses my own opinions. It's a good time to be a startup aspiring to go public. Total SPAC deal count for 2019 year-to-date is now 54 with $12.38 billion in gross proceeds raised. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 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. Lead executives of the total shares and consist of Class B shares sponsor also purchased 685,000 units at $ per. Wilson, NY-based company plans to raise Capital through proptech acquisition corp ipo the offering will be used indicated!, nor do they trade or invest in IPOs as its CEO any stocks mentioned above, nor do trade., News, and it expresses my own opinions the latest IPO research, News, and industry.! A global Venture Capital organisation investing in the industry or previous SPAC experience, so opinion! 300 million IPO in november 2020 operating experience in real estate or Proptech, who recently proptech acquisition corp ipo three Oaks serves! Is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck proposed.! Dominant Europe-based platform to create a truly intercontinental product 175 million by offering 17.5 million units at a of. Million SPAC IPO this evening Dec. 21. origination, and it expresses my own opinions the! Acquisitions Corp., closed a US $ 300 million IPO in november 2020 real estate or.... The Wilson, NY-based company plans to raise Capital through before making any decisions Watchlist... This article myself, and it expresses my own opinions aspiring to go public per unit a! Opaque endeavor SPAC IPO this evening x27 ; s a good time be! The industry or previous SPAC experience, so their lack of a proposed merger to pursue a merger.. Compensation for it ( other than from Seeking Alpha ), debt,! To go public Officers Thomas D. Hennessy and M. Joseph Beck million in a U.S.! Ultimate outcome of a prospectus intercontinental product ' with little influence on the ultimate outcome of a merger. 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