PCOR News

Following some turmoil in the IPO market, three IPOs and one direct listing entered the public markets this past week. SPAC activity picked up considerably, with seven blank check IPOs raising $1.3 billion. The pipeline saw plenty of new filers, with 13 IPOs and four SPACs submitting initial filings. The largest deal of the week, Swedish oat milk brand ...read more

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...read more

Following a rough week for the IPO market, two IPOs are slated to raise $1.9 billion in the week ahead, joined by one direct listing. Swedish oat milk brand Oatly (OTLY) plans to raise $1.4 billion at a $9.5 billion market cap. Oatly’s portfolio of plant-based dairy alternatives include milk, ice cream, yogurt, cooking creams, spreads, and on-the-go...read more

Procore Technologies, which provides cloud-based construction management and collaboration software, announced terms for its IPO on Monday. The company originally filed for an IPO in February 2020. The Carpinteria, CA-based company plans to raise $592 million by offering 9.5 million shares at a price range of $60 to $65. At the midpoint of the proposed range, Procore...read more