What did Procore Technologies sell for?
Procore Technologies Inc., a cloud-based construction software company, priced its shares in an initial public offering above a marketed range to raise $634.5 million. The company sold 9.47 million shares for $67 each, according to a press release Thursday.
How much did PCOR raise in its IPO?
(PCOR) raised $594 million in an initial public offering (IPO) on Thursday, May 20th 2021. The company issued 9,500,000 shares at a price of $60.00-$65.00 per share.
What are analysts'price targets for Procore Technologies'stock?
Their forecasts range from $100.00 to $117.00. On average, they anticipate Procore Technologies' stock price to reach $108.57 in the next twelve months. This suggests a possible upside of 40.5% from the stock's current price. View analysts' price targets for Procore Technologies or view top-rated stocks among Wall Street analysts.
Is Procore set to go public in 2020?
Procore recorded a net loss of $99.2 million on revenue of $328.6 million in 2020, after a loss of $83.1 million on revenue of $236.0 million in 2019. The company is looking to go public at a time that the Renaissance IPO ETF IPO, -0.85% has dropped 25.8% over the past three months while the S&P 500 SPX, +0.14% has gained 8.3%.
What was Procore IPO price?
$67.00 per shareCARPINTERIA, Calif., May 19, 2021 – Procore Technologies, Inc., a leading provider of construction management software, today announced the pricing of its initial public offering of its common stock at a price of $67.00 per share.
Is Procore stock a buy?
Is Procore Technologies Stock a good buy in 2022, according to Wall Street analysts? The consensus among 9 Wall Street analysts covering (NYSE: PCOR) stock is to Strong Buy PCOR stock.
Is Procore profitable?
Revenue was $515 million, an increase of 29% year-over-year. GAAP gross margin was 81% and non-GAAP gross margin was 84%. GAAP operating margin was (56%) and non-GAAP operating margin was (6%). Operating cash flow for 2021 was $37 million, up 68% year-over-year.
How much will be the IPO that PCOR can offer?
Procore Technologies sets IPO terms, to be valued at up to $8.3 billion. Procore Technologies Inc. has set terms of its initial public offering, which would value the California-based construction management software company up to about $8.3 billion.
Why is Procore stock dropping?
Shares of construction industry-focused SaaS concern Procore Technologies, Inc. are down approximately 50% since last trading over $100 in October 2021. Inflation-generated multiple compression has hit the industry with the company's price-to-FY22E sales ratio dropping from over 20 to just over 10.
What company owns Procore?
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore Technologies, Inc....Procore.TypePublic companyNet incomeUS$-96.2 million (2020)Number of employees2,000+ (2021)Websitewww.procore.com8 more rows
Is procore public?
Today Procore entered a new phase of its journey—we are now a publicly-traded company (NYSE: PCOR).
What is a PCOR form?
PCOR stands for Preliminary Change of Ownership Report. It is found in the opening document forms (following grant deed or quitclaim deed) that are part of the opening escrow process. The PCOR and its potential follow up form, the COR, are both important documents and should not be overlooked.
When did procore go public?
May 20On Thursday, May 20, Carpinteria-based Procore Technologies began trading on the New York Stock Exchange. The company's share price increased by 33.7% on its first day, to close at $89.59, raising $635.5 million, according to the Pacific Coast Business Times.
When did PCOR go public?
That turned out to be a pretty good move for the company, as Procore officially went public on May 20, raising $634.5 million on a $8.5 billion evaluation. As of the close of the NYSE on May 25, Procore's (NYSE: PCOR) stood around $82 per share.
What is Procore software?
Where is Procore located?
Procore is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe.
What is PCOR 2021?
Headquartered in Carpinteria, California, Procore has offices around the globe.
What is Procore Technologies?
CARPINTERIA, Calif., May 24, 2021 – Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced the closing of its initial public offering of 10,410,000 shares of its common stock, including the full exercise by the underwriters of their option to purchase 940,000 additional shares of common stock, at a price to the public of $67.00 per share. The shares are listed for trading on the New York Stock Exchange under the ticker symbol “PCOR.”
What is Procore 2021?
TORONTO, November 16, 2021--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today released Canadian-focused findings from a report developed in partnership with Dodge Data & Analytics, a leading provider of commercial construction project data. The report found both owners and contractors in Canada face a variety of challenges when it comes to project cost management, but they believe using one streamlined tool will help facilitate construction pr
Is Procore a public company?
CARPINTERIA, Calif., November 10, 2021--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that LandSouth Construction, a best-in-class builder of innovative multifamily and senior living facilities in the United States, has chosen Procore as its only construction management platform. Procore’s single platform is replacing more than five current software packages, streamlining LandSouth customers’ access to information and improving c
Is Procore Technologies, Inc. (NYSE:PCOR) Popular Amongst Insiders?
Following its introduction to the public markets in May, Procore just announced its first-ever quarterly report as a public company.
How much did Procore sell?
Every investor in Procore Technologies, Inc. ( NYSE: PCOR ) should be aware of the most powerful shareholder groups...
How much did Procore lose in the first quarter?
The company sold 9.47 million shares for $67 each, according to a press release Thursday.
How much did D1 Capital Partners raise?
For the first quarter, Procore had a net loss of $14 million on revenue of $114 million, compared with a $19 million loss on revenue of $92 million for the same period a year ago, according to its filings.
What is Procore Technologies' stock symbol?
After the delay, it raised more than $150 million in a funding round from investors including Dan Sundheim’s D1 Capital Partners at a $5 billion valuation, Bloomberg News reported. The company continued to attract new users during the pandemic, growing its customer base by 19% in 2020.
What is the rating of Procore Technologies?
Procore Technologies trades on the NASDAQ under the ticker symbol "PCOR."
What guidance has Procore Technologies issued on next quarter's earnings?
Procore Technologies has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
What is Procore software?
Procore Technologies issued an update on its FY 2022 earnings guidance on Tuesday, February, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $661 million-$666 million, compared to the consensus revenue estimate of $631.71 million.
What is the P/B ratio of Procore?
Procore Technologies, Inc. provides a cloud-based construction management platform and related software products. The company enables stakeholders in the construction industry, such as owners, general contractors, specialty contractors, architects, and engineers, to collaborate on construction projects. It offers products, such as Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office; Resource Management that helps customers track labor productivity and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitate untethered access to financial data, linking the field, and the office in real-time. The company serves customers, including owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. It primarily sells subscriptions to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. It has operations in the United States, Canada, Mexico, the United Kingdom, Ireland, Australia, New Zealand, Singapore, and the United Arab Emirates. The company was incorporated in 2002 and is headquartered in Carpinteria, California.
When did Procore lock up end?
Procore Technologies has a P/B Ratio of 9.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
When did Procore Technologies' quiet period end?
Procore Technologies' lock-up period expired on Tuesday, November 16th. Procore Technologies had issued 9,470,000 shares in its public offering on May 20th. The total size of the offering was $634,490,000 based on an initial share price of $67.00. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the end of the lock-up period.
Referenced Symbols
Procore Technologies' quiet period expired on Tuesday, June 29th. Procore Technologies had issued 9,470,000 shares in its initial public offering on May 20th. The total size of the offering was $634,490,000 based on an initial share price of $67.00.
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Procore Technologies Inc. PCOR, +2.61% has set terms of its initial public offering, which would value the California-based construction management software company up to about $8.3 billion.
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