Copy and paste multiple symbols separated by spaces. 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. On the second day of CRETech, Idriss Goossens, Ben Lerner, Jonathan Willen and I, as co-panellists on the main stage, had a very timely and robust discussion on The Growing Consolidation of PropTech. PropTech Institute is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. In 2018, another $4 billion was invested in real estate technology companies. In any event, while management may find an interesting merger target, the chances of success are difficult to determine. 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 Shelter Acquisitionintends to concentrate on identifying businesses that provide technologically innovative solutions to the real estate industry, broadly defined as proptech. In 2021, we also saw cross-border investment in LandTechs 42 million Series A round led by Washington DC based venture firm Updata Partners. 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. It was formed, like other special purpose acquisitions companies this year, to raise money in an IPO and . Pi Labs is proud to have invested follow-on capital during this round. I'm the founder of IPO Edge on Seeking Alpha, a research service for investors interested in IPOs on US markets. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. The offering is expected to close on Tuesday, November 26, 2019. Citi and Wells Fargo Securities are the joint bookrunners on the deal. This type of acquisition (one technology company acquiring another) represents more than half of 2021s acquisitions, but we are also seeing corporates get involved in the action. - Chief Financial Officer Rongguo Wei, who is co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. 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. Copies are available on the SECs website,www.sec.gov. 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 Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. Get IPO Edge with actionable research on next-generation high growth stocks. Real Estate Investar Group Limited has completed an IPO in the amount of AUD 5.00 million. 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. 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. 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). 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 685,000 units at $10.00 per unit in a private placement. These symbols will be available throughout the site during your session. Renaissance Capital->. 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). Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. Create your Watchlist to save your favorite quotes on Nasdaq.com. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. More recently, TS Innovation Acquisitions Corp., closed a US$300 million IPO in November 2020. 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. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. PropTech Acquisition Corp Post-IPO, if Valor's stake is valued at . Market Data copyright 2023 QuoteMedia. The article Proptech-focused SPAC Shelter Acquisition files for a $200 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Being at the frontier of PropTech investing, often as the first VC into early stage PropTech start-ups across Europe, we are nothing short of excited for our 60 portfolio companies that could be potential recipients of this surge in growth capital. Item 1.01. 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. 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. Terms of Use. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). AMAZON.COM, INC. APPLE INC. TESLA, INC. META PLATFORMS, INC. NVIDIA CORPORATION. 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. is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. Renaissance Capital for In this article, we will explore two case studies of 2020 PropTech IPOs - that of Ming Yuan Cloud (HKSE: 00909) and KE Holdings (NYSE: BEKE) - to get a glimpse of the current PropTech landscape. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. Other than SPACs, PropTech startup Housi, is reported to be preparing for an IPO on the Brazilian stock exchange. 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . Apr 2014 - Apr 20162 years 1 month. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. I have no business relationship with any company whose stock is mentioned in this article. The SPAC seeks to merge with a real estate or Proptech firm in Asia, with primary operations ex-China. 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. 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. 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. . In particular, it sells virtual reality tour software, increased use of which, according to the company, has helped offset a loss of revenues from other sources brought on by the coronavirus pandemic this year. The surge in growth capital in European PropTech. Start with a 14-day Free Trial. Start with a 14-day Free Trial. Management doesn't have an operating track record or previous experience with SPACs, so I'm on Hold on ACAX. Ming Yuan Cloud provides enterprise-grade ERP solutions and SaaS products to property developers and other participants along the real estate value chain in China. SEC TS Innovation Acquisitions Corp. Form S-1: https://www.sec.gov/Archives/edgar/data/1826000/000119312520286550/d884122ds1a.htm. 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. PropTech Investment II, a SPAC, has filed with the SEC in September 2020 to raise up to US$175 million in an IPO. PROPTECH GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange Is this happening to you frequently? The SCOOP Rating does not . If it does, then the Class B shares would be increased to retain the sponsor's 20% equity ownership position. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. 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. T: 310-954-9665 The company filed confidentially on January 8, 2021. 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. 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. With data drawn from Pitchbook, we can calculate that in the 693 days between their Series B and Series C announcements, Plentifics valuation increased at an average daily rate of 0.175%. 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