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. Ming Yuan Cloud has a market share of 18.5% in terms of revenue in 2019 (Frost & Sullivan). 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. 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. Special Purpose Acquisition Company (SPAC) listings have experienced the glory of 2020 and 2021, these "blank check companies" targeting a variety of new economy companies, including many with a focus on PropTech companies, to tap into the fast-growing PropTech market. Only whole warrants will trade and are exercisable. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Alset has 2 executives leading its sponsor, Alset Acquisition Sponsor, LLC. However, the team does not have prior SPAC experience, so has not demonstrated a track record of attractive returns via a SPAC vehicle. 22/02 Rockend Technology Pty Ltd. completed the acquisition of PropTech Group Limited. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on Nasdaq under the symbols PTAC and PTACW, respectively. 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. According to Pitchbook data, there have been 511 Series D rounds globally so far in 2021. - Chief Financial Officer, Adam Sragovicz, who has been the Chief Financial Officer of Presidio Property Trust and has extensive capital markets, finance and treasury management experience. T: 310-954-9665 B OA Acquisition, a blank check company targeting real estate technology, filed on Thursday with the SEC to raise up to $175 million in an initial public offering. Since the transaction is still non-binding, the parties have kept the details to a minimum. 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. Investing in SPACs can be a volatile and opaque endeavor. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. PropTech Acquisition Corporation is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase,. PropTech is not as nascent as some may think. It's a good time to be a startup aspiring to go public. November 21, 2019 16:55 ET He is joined by CEO and DirectorChristopher Keber, who recently founded Three Oaks Capital serves as its CEO. 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. 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. Cantor Fitzgerald & Co. acted as the sole book running manager for the offering. Ellenoff Grossman & Schole LLP and Graubard Miller, were Issuers Counsel and Underwriters Counsel, respectively. co-Chief CFO of Alset EHome International and has more than 15 years of experience with private and public companies in the United States. Written by The SPAC is the first vehicle by this executive group. Other than SPACs, PropTech startup Housi, is reported to be preparing for an IPO on the Brazilian stock exchange. Renaissance Capital->. 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. Shelter Acquisitionwas founded in 2020 and plans to list on the Nasdaq under the symbol SHQAU. The Company is led by Co-Chief Executive Officers Thomas D. Hennessy and M. Joseph Beck. Create your Watchlist to save your favorite quotes on Nasdaq.com. To illustrate this, lets do a quick back-of-envelope projection on Plentific based on recent valuations. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. Blockchain Moon Acquisition Corp. brought its $100 million IPO to the market Oct. 18, as the company pursues acquisition targets. 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). Use tab to navigate through the menu items. My outlook on MURF is a Hold as I believe investors in SPACs need to be extra-choosy and focus on those SPACs with great management teams and a history of positive returns to investors. 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 SPAC may issue additional stock/units to effect a contemplated merger. Murphy Canyon Acquisition Corp. went public recently, raising $132 million in an IPO. from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. | January 4, 2023 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. Bloomberg - Tencent-Backed Beike Files U.S. IPO, Said to Aim for $2 Billion: https://www.bloomberg.com/news/articles/2020-07-24/tencent-backed-beike-files-u-s-ipo-said-to-aim-for-2-billion#:~:text=Beike%20filed%20with%20the%20U.S.,to%20data%20compiled%20by%20Bloomberg. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The Companys units are listed on the Nasdaq Capital Market (Nasdaq) and commenced trading under the ticker symbol PTACU on November 22, 2019. 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. Separately, Paycor HCM, which offers a software-as-a-service human capital management platform . As highlighted in this article, there are a number of front runners chartering ahead. Market Data powered by QuoteMedia. PROPTECH GROUP: attualit, news e informazioni azione PROPTECH GROUP | PTG | AU0000117814 | Australian Stock Exchange In the near-term future, we expect more and more companies to undergo later-stage funding rounds and M&A activity to join the likes of AirBNB, Zoopla, Causeway, and Purple Bricks as PropTech unicorns and/or listed companies. Alicia is the President and Co-Founder of PropTech Institute. Mr. Hennessy will be joined by M. Joseph Beck, as Co-ChiefExecutive Officer, Chief Financial Officer and Director. Copies are available on the SECs website,www.sec.gov. 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. In order to help you master the concept of PropTech, well be posting high-quality and value-adding content on a regular basis. Founder shares are 20% of the total shares and consist of Class B shares. 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. We create a better ecosystem for PropTech through education, collaboration and driving change. Get them exclusively at IPO Edge. 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. The offering is expected to close on Tuesday, November 26, 2019. The SCOOP Rating does not . The SPAC is another recent SPAC targeting the real estate Proptech market for a merger combination. Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products. 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. Acquisitions, IPOs, and the evolution of PropTech | by Faisal Butt | Pi Labs Insights | Medium 500 Apologies, but something went wrong on our end. 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. 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. One such transaction in 2021 is the HqO acquisition of Pi Labs portfolio company Office App. The surge in growth capital in European PropTech. 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. 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. 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. 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. Founder & CEO of Pi Labs | VC Investor | Entrepreneur | Property + Technology | Investor in Hubble, Trussle, LandTech, 90 North Group & more. In 2021, we also saw cross-border investment in LandTechs 42 million Series A round led by Washington DC based venture firm Updata Partners. I wrote this article myself, and it expresses my own opinions. 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. The offering was priced at $10.00 per unit, resulting in gross proceeds of $172,500,000. The SPAC has 15 months to complete a merger (initial business combination). PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. 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. The IPO also provided for one warrant per share, exercisable at $11.50 per share on the later of 30 days after the completion of its initial business combination, and 12 months from the closing of the offering. 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. Investors plowed more than $83 billion into blank-check companies last year and 11 days into 2021, they've invested $7.2 billion . In any event, while management may find an interesting merger target, the chances of success are difficult to determine. Proptech-focused SPAC Shelter Acquisition files for a $200 million IPO, Renaissance International ETF (symbol: IPOS), Do Not Sell My Personal Information (CA Residents Only). To ensure this doesnt happen in the United States Frost & Sullivan ) months to complete a combination... Real-Time price and activity for your symbols on the My Quotes of Nasdaq.com $ per... Your browser experience with private and public companies in the future, enable. Share of 18.5 % in terms of revenue in 2019 ( Frost & Sullivan ) led. ( initial business combination ) is another recent SPAC targeting the real PropTech. 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