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. 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. It has been a pleasure to work closely with Jonny Britton and the amazing LandTech team since our seed round investment back in 2015. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. PropTechs units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. Past performance is not indicative of future performance. Market Data powered by QuoteMedia. Please disable your ad-blocker and refresh. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. This year, they closed their $100 million Series C round. 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. This story involves the dominant US-based workplace experience platform acquiring the dominant Europe-based platform to create a truly intercontinental product. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. Type a symbol or company name. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. 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. Looking for more investing ideas like this one? Other than SPACs, PropTech startup Housi, is reported to be preparing for an IPO on the Brazilian stock exchange. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. | February 28, 2023 . Gain Insight and actionable information on U.S. IPOs with IPO Edge research. You should perform your own research for your particular financial situation before making any decisions. 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. Members of IPO Edge get the latest IPO research, news, and industry analysis. 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. 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. The units will be listed on the Nasdaq. Please. 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. Item 1.01. 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. Renaissance Capital for Rockend Technology Pty Ltd. completed the . Also, in 2021, the real estate services firm estimated there were more than 6,000 Proptech or other real estate technology-related businesses worldwide. 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.' Also, they have no prior SPAC experience, so their lack of a successful track record in these regards is notable. | Source: When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Copies are available on the SECs website,www.sec.gov. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. 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. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. Additional disclosure: This report is intended for educational purposes only and is not financial, legal or investment advice. Use tab to navigate through the menu items. Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. 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. PROPTECH GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange Alset Capital Acquisition raised $86 million in a recent U.S. IPO. Founder shares are 20% of the total shares and consist of Class B shares. Only whole warrants are exercisable and will trade. Across the globe, PropTech startups and investors are sprinting ahead for growth. Type a symbol or company name. Currently, Alicia is the Senior Legal Counsel at a real estate private equity fund focusing on Greater China investments. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. 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. The company filed confidentially on January 8, 2021. According to a statement released by the two companies in January of this year, the deal has an equity value of $1.56 billion, and Latch has received approximately $453 million in cash proceeds . The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. Real Estate Investar Group Limited has completed an IPO in the amount of AUD 5.00 million. Separately, Paycor HCM, which offers a software-as-a-service human capital management platform . 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. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. Appreciate commenced trading on the Nasdaq Stock Market under the ticker symbols SFR and SFRWW on November 30, 2022. These six companies have a few things in common. If you have an ad-blocker enabled you may be blocked from proceeding. Is this happening to you frequently? To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. 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. It also allowed our team to meet with potential future portfolio company founders, as well as others in the wider world of PropTech. I wrote this article myself, and it expresses my own opinions. We create a better ecosystem for PropTech through education, collaboration and driving change. Ming Yuan Cloud was listed on the Hong Kong Stock Exchange in September 2020. Investment involves risk. 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. Although all of them are based in the US, we can expect to see a number of late-stage European rounds in the next couple of years. This 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. PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. These symbols will be available throughout the site during your session. The IPOScoop.com staff does not issue advice, recommendations or opinions. 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. 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. The offering is being made only by means of a prospectus. If you have an ad-blocker enabled you may be blocked from proceeding. 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. According to a 2018 market research report in Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. Written by 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. Feb 4, 2021 5:30PM EST. 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. Filed confidentially on January 8, 2021 with Jonny Britton and the amazing LandTech team since seed. 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