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Procore Set For $592M IPO This Week

socalTECH

Goleta-based construction management software developer Procore is expected to have its IPO debut this week, planning to raise $592M at a $8.9 billion market cap. The company's software is used to manage construction projects, including plans, schedules, logistics, and many other aspects of that business.

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Procore Now Worth More Than $11 Billion After IPO

socalTECH

Carpinteria-based Procore, the construction management software developer which went IPO this morning, is now worth more than $11 billion in market value, after pricing at $67.00 Morgan Securities, Barclays Capital, and Jefferies, along with Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer & Co.,

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Procore Prices IPO, Starts Trading Today

socalTECH

Carpinteria-based construction management software developer Procore Technologies priced its IPO last night, saying it will sell 9,470,000 shares of its common stock at a price of $67.00 Morgan Securities, Barclays Capital, and Jefferies, along with Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer & Co.,

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LeaseLabs Acquired By RealPage For $103M

socalTECH

San Diego-based LeaseLabs , which provides oline marketing services to the multifamily housing and apartment industry, has been acquired for $103M by real estate software developer RealPage. According to RealPage, LeaseLabs projects standalone revenue of $20M for the full 2018 year. RealPage is based in Richardson, Texas.