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. We create a better ecosystem for PropTech through education, collaboration and driving change. If you have an ad-blocker enabled you may be blocked from proceeding. The case in point worth citing here is Plentific, a portfolio company from our second fund. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. 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. The SPAC may issue additional stock/units to effect a contemplated merger. 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. 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. 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. PropTech Acquisition Corp Appreciate commenced trading on the Nasdaq Stock Market under the ticker symbols SFR and SFRWW on November 30, 2022. Get IPO Edge with actionable research on next-generation high growth stocks. The SPAC has 18 months to complete a merger (initial business combination). 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). Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on November 21, 2019. The SPAC (Special Purpose Acquisition Company) intends to pursue a merger with a company in the sectors of real estate or Proptech. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. Ming Yuan Cloud was listed on the Hong Kong Stock Exchange in September 2020. Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. Terms of Use. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. The SPAC may issue additional stock/units to effect a contemplated merger. I wrote this article myself, and it expresses my own opinions. 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. No assurance can be given that the net proceeds of the offering will be used as indicated. 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. 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. 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. PropTech's units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. 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. While MURF management has extensive industry experience, they don't have a previous SPAC track record, so I'm on Hold for the SPAC. 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.' I wrote this article myself, and it expresses my own opinions. In 2018, another $4 billion was invested in real estate technology companies. Murphy has 2 executives leading its sponsor, Murphy Canyon Acquisition Sponsor, LLC. SINGAPORE, March 01, 2023--PropertyGuru Group Limited (NYSE: PGRU) ("PropertyGuru" or the "Company"), Southeast Asia's leading1 property technology ("PropTech") company, today announced . 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. 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. The offering was made only by means of a prospectus. Cantor Fitzgerald is a proven capital markets investment banking, real estate investment management, debt origination, and private equity firm. 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. 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. 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." 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. | February 28, 2023 . PropTech Acquisition Corporation (NASDAQ: PTAC) announced today that it priced its initial public offering of 15,000,000 units at $10.00 per unit. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). 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. Cross-border capital flow is providing the growth capital that European PropTech start-ups need to scale up their operations into multiple global markets. Investors plowed more than $83 billion into blank-check companies last year and 11 days into 2021, they've invested $7.2 billion . 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. Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. PropTech Investment II is the second blank-check company led by the partners at Hennessy Capital, and will seek to invest in PropTech businesses. 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. 193 of them have been software companies and six of those were PropTech. In particular, Wanda Group and China Overseas Land & Investment are among the 3,000 or so property owners that use Ming Yuan Cloud products. The SPAC . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The company filed confidentially on January 8, 2021. In the company's IPO filing, it said it generated $77.6 million in 2019, up from $54.1 million a year prior. Gain Insight and actionable information on U.S. IPOs with IPO Edge research. 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. It's a good time to be a startup aspiring to go public. Copy and paste multiple symbols separated by spaces. Copies are available on the SECs website,www.sec.gov. It was the first software-based Chinese PropTech firm to debut on the Hong Kong Stock Exchange this year. 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. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. PROPTECH GROUP : Noticias, novedades e informacin accin PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange PropTechs units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. 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. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. Blockchain Moon is a blank check company with no business operations and only a small Jacksonville office. Members of IPO Edge get the latest IPO research, news, and industry analysis. 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. AMAZON.COM, INC. APPLE INC. TESLA, INC. META PLATFORMS, INC. NVIDIA CORPORATION. Rockend Technology Pty Ltd. completed the . Other than SPACs, PropTech startup Housi, is reported to be preparing for an IPO on the Brazilian stock exchange. 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. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. Start with a 14-day Free Trial. Pi Labs is proud to have invested follow-on capital during this round. The information referenced or contained herein may change, be in error, become outdated and irrelevant, or removed at any time without notice. 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. 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. 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. 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. Citi and Wells Fargo Securities are the joint bookrunners on the deal. 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. In 2018, another $4 billion was invested in real estate technology companies. 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. 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. As the Latin saying goes, audentes fortuna iuvat. The SPAC seeks to merge with a company in the real estate Proptech industry. 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. As a result, over the past two to three years, many promising PropTech companies have gone public to raise capital through . 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. PropTech is not as nascent as some may think. 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. . 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). 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. Use tab to navigate through the menu items. Members of IPO Edge get the latest IPO research, news, and industry analysis. It is headquartered in Beijing and was listed on the New York Stock Exchange in August 2020. RT=Real-Time, EOD=End of Day, PD=Previous Day. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. 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. He is joined by CEO and DirectorChristopher Keber, who recently founded Three Oaks Capital serves as its CEO. 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. 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. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $172,500,000 (or $10.00 per unit sold in the public offering) was placed in trust. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. Regular basis favorite quotes on Nasdaq.com Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck are the joint on... Executives leading its sponsor, alset Acquisition sponsor, LLC, 2022 to debut the! That European PropTech start-ups need to scale up their operations into multiple markets... Spac ( Special Purpose Acquisition company ) intends to pursue a merger with company! 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