Procore Technologies

General Information
Business:

We are a leading provider of cloud-based construction management software (SaaS). We are helping transform one of the oldest, largest and least digitized industries in the world. We focus exclusively on construction, connecting and empowering the industry’s key stakeholders, such as owners, general contractors, specialty contractors, architects, and engineers, to collaborate from any location, on any Internet-connected device. Our platform is modernizing and digitizing construction management by enabling real-time access to critical project information, simplifying complex workflows, and facilitating seamless communication among key stakeholders, all of which we believe collectively positions us to serve as the system of record for the construction industry.

(Note: Procore Technologies priced its IPO on May 19, 2021, at $67 – $2 above the top of its $60-to-$65 price range – on 9.47 million shares, the same number of shares in the prospectus, to raise about $634.49 million. Procore Technologies initially filed to go public on Feb. 28, 2020, according to its S-1 filing with the SEC. The company filed terms for its IPO in an S-1/A filing dated May 10, 2021.)

Industry: PREPACKAGED SOFTWARE
Employees: 1911
Founded: 2002
Contact Information
Address 6309 Carpinteria Avenue, Carpinteria, CA 93013, US
Phone Number (866) 477-6267
Web Address https://www.procore.com
View Prospectus: Procore Technologies
Financial Information
Market Cap $8008.13mil
Revenues $400.29 mil (last 12 months)
Net Income $-96.17 mil (last 12 months)
IPO Profile
Symbol PCOR
Exchange NYSE
Shares (millions): 9.5
Price range $67.00 - $67.00
Est. $ Volume $634.5 mil
Manager / Joint Managers Goldman Sachs/ J.P. Morgan/ Barclays/ Jefferies
CO-Managers Canaccord Genuity/ KeyBanc Capital Markets/ Oppenheimer/ Piper Sandler/ Stifel/ William Blair
Expected To Trade: 5/20/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change