By Annie Gaus The company’s intent to file for an IPO also acknowledged potential investor risks such as: Potential future decreases in construction spending. Procore helps firms drastically increase project efficiency and accountability by streamlining and mobilizing project communications and documentation. Procore Technologies, Inc Form S-1. Procore reportedly tapped Goldman Sachs ( GS) in fall 2019 to help take it public. Discover announcements from companies in your industry. As of August, it had more than 1,800 employees, up 600 compared to a year ago, across 13 offices globally. Procore’s pricing model reflects a common dilemma in enterprise pricing, especially inter-enterprise pricing. Safe Site Check In Referral Program Offers Free Digital Job Site Check Ins and Health Screen... Mallorie Brodie recognized on the Top 40 Under 40 in Canadian Construction list, 2021 CEOs Who "Get It" when it comes to worker safety, Dubai's Heart of Europe megaproject nears first stage completion, Construction Wraps Up on Crystal City Building That Will House Amazon Offices, Embracing the future of communication in the field, The Ultimate Guide to Benchmarking Construction Workflows. The Procore IPO may come out this year or early half of 2020. The software as a service (SaaS) provider did not set a date on its initial IPO paperwork filing, but said in the document it would in the near future. Procore Technologies aims to raise $100 million in an IPO, although the final figure may differ. 10,000,000. By Marissa Nall / Monday, August 10th, ... Companies like Procore that can leverage their platforms to provide data analytics will find strong demand, Fitzgerald and Simonson both said. Oriental Culture Holding Ltd. NASDAQ. Procore Technologies: The construction management software company may not sound sexy, but it has reportedly hired Goldman Sachs to lead an IPO that would could value Procore … The latest coronavirus casualty is construction startup Procore, which has shelved its recent plans for an initial public offering. Stocks; IPOs; News; Actions; Blog; Search Home » Stocks » PCOR. Procore, which operates as a SaaS company, has seen impressive growth in recent years. … The inability to maintain and enhance the Procore brand. The news isn’t all bad for the California-based construction management software company. SEC.report . A potential miscalculation of future ma.rket opportunity. Get the latest information on Procore Technologies (PCOR) stock, including a real-time stock price quote, news, financials, charts and more. Procore recorded net losses of $83.1 million in 2019 and $56.7 million in 2018, according to its March filing, on respective revenues of $289.2 million and $186.4 million. By Amber Deter. EquipmentShare Las Vegas Opens Doors to Provide Innovative Solutions for Area Construction ... Abbott Construction to join the STO Building Group, Certifying agency favorably positioned in third-party white paper, How 5 chains are designing restaurants for a digital future, Balfour Beatty, Lendlease announce carbon-cutting initiatives, AECOM Tishman is raising the bar for safety and productivity, Report: Pandemic has accelerated contech adoption. Procore first filed initial paperwork for the IPO in February, then opted for a round of private funding, raising above $150 million at a valuation of $5 billion, according to Bloomberg. The investors include Dan Sundheim’s investment firm, D1 Capital partners. For full functionality of this site it is necessary to enable JavaScript. The firm’s $150M private funding round boosted its valuation, Procore CEO Craig “Tooey” Courtemanche Jr. (Credit: Boardroom Insiders, iStock). December 9, 2020. 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