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Construction software provider Procore Technologies prices IPO above the range at $67

May 20, 2021

Procore Technologies, which provides cloud-based construction management and collaboration software, raised $634 million by offering 9.5 million shares at $67, above the range of $60 to $65. At pricing, Procore Technologies commands a fully diluted market value of $9.6 billion and an enterprise value of $8.7 billion.

Procore Technologies plans to list on the NYSE under the symbol PCOR. Goldman Sachs, J.P. Morgan, Barclays, and Jefferies acted as lead managers on the deal.