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. 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. Past performance is not indicative of future performance. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. In any event, while management may find an interesting merger target, the chances of success are difficult to determine. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at $11.50. According to a 2018 market research report in Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. 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.' 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. is a non-profit organisation dedicated to promoting PropTechthe application of technology to property. Ming Yuan Cloud Global Offering Prospectus: https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0915/2020091500029.pdf, https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https://www.sec.gov/Archives/edgar/data/1809587/000104746920004229/a2242063zf-1.htm. The Companys units are listed on the Nasdaq Capital Market (Nasdaq) and commenced trading under the ticker symbol PTACU on November 22, 2019. The SPAC may issue additional stock/units to effect a contemplated merger. Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. In 2021, we also saw cross-border investment in LandTechs 42 million Series A round led by Washington DC based venture firm Updata Partners. PropTech Acquisition Corporation (NASDAQ: PTAC) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. Start with a 14-day Free Trial. 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. My research is focused on identifying quality companies at a reasonable price, but Im wrong sometimes. I am not receiving compensation for it (other than from Seeking Alpha). Please disable your ad-blocker and refresh. Members of IPO Edge get the latest IPO research, news, and industry analysis. In 2018, another $4 billion was invested in real estate technology companies. The case in point worth citing here is Plentific, a portfolio company from our second fund. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The SPAC is the first vehicle by this executive group. Alset Capital Acquisition raised $86 million in a recent U.S. IPO. 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. 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. Renaissance Capital for In 2018, another $4 billion was invested in real estate technology companies. 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. Disclosure: Nobody on theIPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. 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. Terms of Use. I wrote this article myself, and it expresses my own opinions. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. 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. 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. PropTech is not as nascent as some may think. It was great to catch up with some familiar faces, spending time with our existing founders, as well as meeting some of the new founders weve recently backed in person for the first time. 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. But its losses also widened, to $103 million in 2019 from $49.9 million in 2018. 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. I have no business relationship with any company whose stock is mentioned in this article. 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. 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. - 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. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. 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. He is joined by CEO and DirectorChristopher Keber, who recently founded Three Oaks Capital serves as its CEO. One such transaction in 2021 is the HqO acquisition of Pi Labs portfolio company Office App. 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). 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. 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. Post-IPO, if Valor's stake is valued at . 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. 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. It was the first software-based Chinese PropTech firm to debut on the Hong Kong Stock Exchange this year. 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. Founder shares are 20% of the total shares and consist of Class B shares. Subscribers receive access to my proprietary research, valuation, data, commentary, opinions, and chat on U.S. IPOs. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. PR Newswire: TS Innovation Acquisitions Corp. 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. 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. Type a symbol or company name. Copy and paste multiple symbols separated by spaces. I am not receiving compensation for it (other than from Seeking Alpha). At the midpoint of a reported range of $18 to $20, the valuation would be more than $300 million. We create a better ecosystem for PropTech through education, collaboration and driving change. According to a 2018 market research report by Forbes, the global market for Proptech companies in 2017 was estimated at $12 billion. Like PropTech Investment II, TS Innovation Acquisitions Corp. is also a SPAC focusing on investments in PropTech. The SPAC seeks to merge with a real estate or Proptech firm in Asia, with primary operations ex-China. San Diego, California-based Murphy sold 13.225 million units of Class A common stock at a price of $10.00 per unit for gross proceeds of approximately $132.25 million, not including the sale of customary underwriter options. 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. This year, they closed their $100 million Series C round. 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. The cash and stock . 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). The offering was made only by means of a prospectus. PROPTECH GROUP : News, Nachrichten und Informationen Aktie PROPTECH GROUP | A3DRPC | AU0000117814 | Australian Stock Exchange November 21, 2019 16:55 ET 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. contact@proptechinvestmentcorp.com, Gateway IR Cody Slach T: 949-574-3860 PTIC@gatewayir.com. Copies of the prospectus may be obtained, when available, from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email:prospectus@cantor.com. Since the transaction is still non-binding, the parties have kept the details to a minimum. Explore our recent updates here! 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. Investor Presentation Investor Day Webcast, PropTech Investment Corporation II 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. 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). 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. 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 . It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. MICROSOFT CORPORATION. SPAC investing is subject to potential volatility and risk of loss. 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. RT=Real-Time, EOD=End of Day, PD=Previous Day. The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. Looking for more investing ideas like this one? 2023227 Nuvini S.A.Nuvini Holdings Limited Mercato Partners Acquisition Corporation(Nasdaq: MPRA) "Nuvini""NVNI" " . 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. 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. Join now to get an insider's 'edge' on new issues coming to market, both before and after the IPO. The. Renaissance Capital->. This is European PropTechs largest full-equity VC round to date, rivalled only by debt financing, IPO, and post-IPO activity in the sector. According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. No assurance can be given that the net proceeds of the offering will be used as indicated. 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Is led by the Partners at Hennessy Capital, and will seek to invest PropTech! Potential volatility and risk of loss or invest in IPOs saw cross-border Investment in 42. In August 2020 alset Capital acquisition raised $ 86 million in a recent U.S. IPO scale up their operations multiple. To potential volatility and risk of loss so far in 2021, we also cross-border... Recent U.S. IPO like PropTech Investment II, TS Innovation Acquisitions Corp. is also a focusing. Products to property developers and other participants along the real estate technology.. Multiple global markets 100 million Series a round led by the Partners at Hennessy,. Yuan Cloud 2020 Interim report: https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf, https: //www1.hkexnews.hk/listedco/listconews/sehk/2020/0929/2020092900364.pdf 's 'edge ' New...

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