Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and US software research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Procore Technologies. Will the Construction Management Software Unicorn Go Public This Year?

Algosun Global

Equity Capital Markets

Procore Technologies  / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/procore-technologies-inc" target="_blank" data-smartkarma-citation="entities:28882:1" rel="noopener">Procore Technologies Inc (PCOR US)</a> , US construction project management software unicorn, has decided to tap capital markets with IPO again. In March, company filed updated S-1 registration document with the SEC but did not specify expected price range and how many shares it plans to sell to investors. We have favorable view on Procore Technologies IPO and believe that President Biden’s $2T infrastructure plan will have a positive impact on construction industry in the United States and especially on the business of Procore.  </p><p><a href="https://www.smartkarma.com/entities/procore-technologies-inc" target="_blank" data-smartkarma-citation="entities:28882:1" rel="noopener">Procore Technologies Inc (PCOR US)</a>  has raised a total of ~$650 million in funding over 14 rounds, according to Crunchbase. Tech unicorn was backed by leading venture capital firms ICONIQ Strategic Partners, Bessemer Venture Partners, Tiger Global Management and D1 Capital Partners. We believe Procore will go public this month. Goldman Sachs, J.P. Morgan, Barclays and Jefferies are lead underwriters on the deal.   </p>

Procore Technologies Inc (PCOR US) , US construction project management software unicorn, has decided to tap capital markets with IPO again. In March, company filed updated S-1 registration document with the SEC but did not specify expected price range and how many shares it plans to sell to investors. We have favorable view on Procore Technologies IPO and believe that President Biden’s $2T infrastructure plan will have a positive impact on construction industry in the United States and especially on the business of Procore.  Procore Technologies Inc (PCOR US)  has raised a total of ~$650 million in funding over 14 rounds, according to Crunchbase. Tech unicorn was backed by leading venture capital firms ICONIQ Strategic Partners, Bessemer Venture Partners, Tiger Global Management and D1 Capital Partners. We believe Procore will go public this month. Goldman Sachs, J.P. Morgan, Barclays and Jefferies are lead underwriters on the deal.   

Procore Technologies IPO: Valuation Update. Shifting Focus to $2T Infrastructure Plan