The New York Stock Exchange is the premier venue for global capital raising, and the exchange of choice for issuers. Type a symbol or company name. Procore, which submitted paperwork for its U.S. IPO last year, raised $150 million at a valuation of $5 billion, according to media reports in April last year. However, the IPO is now on the table again, after a new S-1/A filing in March 2021, with updates in April and May. Hear the latest economic, business and market news, as well as global, national, and local news. It appears this IPO has gone better than most investors expect. At $67 per share, Procore generated $634.5 million from its IPO. Procore's new price. View which stocks are hot on social media with MarketBeat's trending stocks report. One of the companies she launched . EPS $2.68; FactSet consensus $2.50, Johnson & Johnson Q1 loss per share 3 cents vs. EPS $1.93 a year ago, Procore Technologies stock price target raised to $80 from $57 at Mizuho, Procore Technologies stock price target cut to $57 from $70 at Mizuho, Procore Technologies stock price target cut to $95 from $113 at J.P. Morgan, Procore Technologies started at buy with $75 stock price target at Mizuho, Procore Technologies stock price target cut to $85 from $120 at Stifel Nicolaus, Procore Technologies initiated at buy with $100 price target at Stifel. What is Procore Technologies' stock price forecast for 2023? Making the world smarter, happier, and richer. Procore Technologies shares (PCOR) are listed on the NYSE and all prices are listed in US Dollars. IPO Date May 20, 2021. The 12-month stock price forecast is $77.88, which is an increase of 46.56% from the latest price. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. He also wrote about materials prices, construction procurement and estimation for MetalMiner.com. All Rights Reserved BNP Media. 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 The technology startup and its bankers had marketed shares for $60 to $65 before its IPO, an exchange filing showed. Procore | Construction Management Software Construction Management Software Make it easier to manage construction. Mizuho analyst Matthew Brooks maintains Procore Technologies (NYSE:PCOR) with a Buy and lowers the price target from $80 to $75. Do You Expect the Infrastructure Acts Funding to Impact Your Firm? . That mission, both Lyandres and Courtemanchesaid, is to connectall facets of construction on a global platform to better manage project information from concept to delivery. *Average returns of all recommendations since inception. Estimated IPO valuation: N/A. . And now we get to see what the market actually thinks. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. By visiting this website, certain cookies have already been set, which you may delete and block. Research focusing on modular and offsite construction has shown remarkable statistics not just for construction, but for the wider environment as well. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. "We are thinking about the investments we make today and how they pay off over the next five, 10 years," Lyandres says. The company issued revenue guidance of $202.00 million-$204.00 million, compared to the consensus revenue estimate of $198.10 million. By visiting this website, certain cookies have already been set, which you may delete and block. Press Contact press@procore.com Stock Exchange NYSE. Join These Motley Fool Investors for "The Market Cap Game Show", Benzinga's Top Ratings Upgrades, Downgrades For March 22, 2023, Chief Data Officer of Procore Technologies Makes $447K Sale, Insiders Selling American Airlines, Costco Wholesale And 2 Other Stocks, 2 Supercharged Tech Stocks to Buy Without Any Hesitation, Analyst Expectations for Procore Technologies's Future, 12 Information Technology Stocks Moving In Monday's Pre-Market Session, 12 Information Technology Stocks Moving In Friday's Pre-Market Session, JMP Securities Sticks to Its Buy Rating for Procore Technologies (PCOR), Procore Technologies (PCOR) Receives a Buy from Oppenheimer, Procore Technologies (PCOR) Reports Q4 Loss, Tops Revenue Estimates, Earnings Outlook For Procore Technologies. Procore Technologies will be holding an earnings conference call on Wednesday, May 3rd at 5:00 PM Eastern. Today Procore entered a new phase of its journeywe are now a publicly-traded company. Plus500. Procore's Marketplace has a multitude of partner solutions that integrate seamlessly with Procores platform, giving construction professionals the freedom to connect with what works best for them. . The company issued 9,500,000 shares at $60.00-$65.00 per share. Its IPO Gained 31%. In 2022, PCOR's revenue was $720.20 million, an increase of 39.89% compared to the previous year's $514.82 million. Currently, Procore estimates its total addressable market at roughly $9.4 billion per year. By providing your email address below, you are providing consent to Procore to send you the requested Investor Email Alert updates. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.02. The company is looking to raise up to $615. Top 5 4th Quarter Trades of HARBOURVEST PARTNERS LLC. View the best growth stocks for 2023 here. Get a real-time Procore Technologies, Inc. (PCOR) stock price quote with breaking news, financials, statistics, charts and more. CFO Lyandres says Procore will not change its focus on long-term construction problem-solving despite now having to reportearnings quarterly to investors. (844) 978-6257. Procore Technologies ( PCOR -0.40%), the construction management and workflow platform, completed its IPO on the New York Stock Exchange on Thursday, and its shares got a nice first-day jump. Procore Technologies Trading Up 1.2 %. The company has a market capitalization of $7.45 billion, a PE ratio of -25.30 and a beta of 0.58. As Procore was gearing up for its public offering, shares were expected to trade between $60 and $65, finally debuting at $67 a share. The company initially filed to go public in 2019, with plans to launch the IPO in 2020, [6] but delayed the offering due to the coronavirus pandemic. Since then, PCOR stock has increased by 12.6% and is now trading at $53.14. "It's always just a question of how do we partner with folks to solve the most sets of problems?" When I first met Procore's founder and CEO, Tooey Courtemanche, nothing about him or Procore fit the profile of a typical venture capital investment. Create your Watchlist to save your favorite quotes on Nasdaq.com. Procore has raised an additional $150 million in private . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Price as of April 17, 2023, 10:00 a.m. Procore Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. What Investors Need to Know About the PCOR Stock IPO The Procore IPO was initially priced at $67 per share. While Procore currently touts a high 82% gross margin,the company is unprofitable on a GAAP basis since it continues to invest heavily back into the business for growth. Create a list of the investments you want to track. Amyris May be Oversold, but is it Worth Fighting the Shorts? However, on the first day of trading, demand exceeded expectations and sent the shares up as much as 37% at their high point. Construction managment software firm Procore Inc. sold 9.47 million shares for $67 each in a May 20 initial public offering on the New York Stock Exchange. The firm had revenue of $202.05 million for the quarter, compared to analysts' expectations of $190.26 million. Procore Technologies(PCOR 1.22%), the construction management and workflow platform, completed its IPO on the New York Stock Exchange on Thursday, and its shares got a nice first-day jump before settling back to their opening trade price of around $84 a share four trading days later. 16, 2022 at 7:14 a.m. "This [IPO]is a great thing for that.". . Ryan Henderson owns shares of Autodesk. Expected IPO timeline: 2023. The Motley Fool has a disclosure policy. Currently, Procors market capitalization sits at more than $10 billion. Type a symbol or company name. Historical and current end-of-day data provided by FACTSET. According to 23 analysts, the average rating for PCOR stock is "Buy." Founded in 2002, Procore offers its cloud-based construction management software to more than 1.6 million users in over 125 countries. Do Not The forecasts range from a low of $63.63 to a high of. articles a month for anyone to read, even non-subscribers! This [IPO]wasn't just about capital. Procore on May 10 sought an $8 billion valuation by offering shares priced between $60 and $65 each, after it had delayed the IPO by a year due to choppy market conditions stemming from the. Oatly, the first to open, saw its shares rise nearly 19%, while Procore's stock gained 31.3%. Compare Top Brokerages Here. This trend has led to rapid expansion for Procore over the past decade. Their PCOR share price forecasts range from $55.00 to $86.00. Headquartered in Carpinteria, California, Procore has offices around the globe. Shares of PCOR are currently trading more than 27% higher at the time of writing on impressive investor demand. Investors in the PCOR stock IPO have done quite well for themselves thus far. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. He is a two-time Jesse H. Neal award winner and multiple ASBPE winner for his tech coverage. 326 E 8th St #105, Sioux Falls, SD 57103 Losses were -$286.93 million, 8.21% more than in 2021. Procore sold 9.4 million shares at this level to raise approximately $635 million. But Procore is not the only company that filed and later put on hold an IPO to get back to work on floating. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Shares of NYSE:PCOR opened at $53.14 on Monday. Procore Technologies, Inc. engages in the development of cloud-based construction management software. , Feb. 10, 2023 /PRNewswire/ -- Five Elms Capital, a leading software investor, announces that Partner Stephanie Schneider has been named to GrowthCap's T Procore Technologies (PCOR) saw its shares surge in the last session with trading volume being higher than average. According to the Procore IPO prospectus, the firm is offering 9,470,000 shares, which will leave more than 128 million shares outstanding. Procore on May 10 sought an $8 billion valuation by offering shares priced between $60 and $65 each, after it had delayed the IPO by a year due to choppy market conditions stemming from the pandemic. Procore Technologies does not have a long track record of dividend growth. In 2020, it was $400 million. One technology partner that shares reality-capture photo and video data of construction sites through the Procore platform is StructionSite. In this webinar, you'll hear real project stories and proven data analytics strategies using real-time dashboards and reports that continuously improve how they build, operate and compete. The construction industry is in the early stages of massive digital transformation. In conjunction with this announcement, Procore will host a conference call on Wednesday . Procore Technologies is a software-application business based in the US. Stock analysis for Procore Technologies Inc (PCOR:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Its IPO Gained 31%. Get the latest Procore Technologies Inc (PCOR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Procore's IPO price range has been set at between $60 to $65 per share. Based on this price range, the Procore IPO. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. (Reporting by Derek Francis in Bengaluru; Editing by Devika Syamnath), ((derek.francis@thomsonreuters.com; +91-9986311363 and @derekfrancis089 on Twitter;)). The company has a market cap of $7.45 billion, a P/E ratio of -25.30 and a beta of 0.58. In-depth profiles and analysis for 20,000 public companies. Canaccord Genuity LLC, KeyBanc Capital Markets Inc., Oppenheimer & Co. Inc., Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated, and William Blair & Company, L.L.C. Earnings for Procore Technologies are expected to grow in the coming year, from ($1.69) to ($1.60) per share. Learn more at Procore.com. Get a real-time Procore Technologies, Inc. (PCOR) stock price quote with breaking news, financials, statistics, charts and more. Procore Announces Initial Public Offering; Breaking Ground on the New York Stock Exchange. Ever since Procore launched in 2002, there's been one major . 14 Wall Street research analysts have issued 12-month price targets for Procore Technologies' shares. The technology startup and its. The company had set a price range of between $60 and $65 for its IPO, and its stock opened at $84 on Thursday. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. Learn more. May 20 (Reuters) - Construction software startup Procore Technologies IncPCOR.N on Thursday priced its U.S. initial public offering at $67 per share, higher than the range it announced earlier this month. CEO and founder Matt Daly saysthe IPO's performance is a positive for construction startups and for building better integrations between partner companies. The P/E ratio of Procore Technologies is -25.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. This suggests a possible upside of 35.9% from the stock's current price. When is Procore Technologies' next earnings date? You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Procore Technologies, Inc. (1611052) SEC Filing S-1 IPO report for the period ending Saturday, August 29, 2020 . The company employs 3,568 workers across the globe. Who are Procore Technologies' major shareholders? Derek Francis for "When we paused last year, we wanted to make sure that our employees were safe, that we could lean in and support the [construction]industry, help it work through and navigate what was going to be a very uncertain time," Procore CFO Paul Lyandres said during a phone interview with ENR shortly after trading opened. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Barclays Capital Inc., and Jefferies LLC acted as lead book-running managers for the proposed offering. The offering is expected to close on Monday. Procore is almost 20 years old, but its platform saw very little adoption until roughly 10 years ago. The New York Times Reports: "No existing defense can stop it." It generated revenues of $113.9 million in Q1 . Whether they're general contractors, subcontractors, architects and engineers, or even owners, each entity has to be on the same page and able to efficiently communicate with one another to avoid project delays. Analyst Price Forecast Suggests 48.35% Upside As of April 7, 2023, the average one-year price target for Procore Technologies is $77.88. Sell Personal Information, Environmental, Social, & Governance (ESG). The offering was made only by means of a prospectus. How much money does Procore Technologies make? Headquartered in Carpinteria, California, Procore has offices around the globe. If you experience any issues with this process, please contact us for further assistance. Top institutional shareholders include National Bank of Canada FI (0.10%), Sycomore Asset Management (0.03%), Renaissance Capital LLC (0.02%), Northside Capital Management LLC (0.01%), Dfpg Investments LLC (0.01%) and Diversified Trust Co (0.00%). Subscriber Agreement & Terms of Use | Procore's revenue in 2012 was $4.8 million. 05/20/21 Barron's Oatly, Procore Technologies IPOs See Big Gains Key Stock Data P/E Ratio (TTM) N/A EPS (TTM). It also provides technology development and other services. Archives. Can Procore Technologies (PCOR) Climb 31.5% to Reach the Level Wall Street Analysts Expect? Procore builds the software for people who build the world. IPO Roadshow Slides June 21, 2021 View this Presentation PDF Format Download (opens in new window) PDF 10.89 MB Listen to this Presentation Audio Format Download (opens in new window) Watch this Presentation Video Format Download (opens in new window) View this Presentation PDF Format Download (opens in new window) Sell Personal Information, PDF Format Download (opens in new window), Audio Format Download (opens in new window), Video Format Download (opens in new window), Environmental, Social, & Governance (ESG). 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Instead, it closed a $150 million funding round that valued the company at $5 billion. The company is also home to more than 1.6 million users around the globe with more than $1 trillion of construction volume run on the platform. Procore's filing sets a price range of $60 to $65 per share for its equity. There are currently no items in this Watchlist. Procore Technologies, Inc. (NYSE:PCOR) issued its earnings results on Thursday, February, 16th. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. The Procore IPO and stock trading currency will be USD. See Pricing See It in Action "Procore is the only platform that could have handled this project." As investors have seen with the recent decline of previously hot IPOs like Airbnb(ABNB 1.33%), Poshmark (POSH), Coupang (CPNG 1.31%), and many others, it can pay to be patient and buy-in at a lower price point. ET by Tomi Kilgore. Learn More. The stock price for Coco will be known as it becomes public. The company's shares closed last Friday at . Procore is a leading provider of construction management software. Currently, shares are trading around $85. 82.50% of the stock of Procore Technologies is held by institutions. 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Our mission is to connect everyone in construction on a global platform. High institutional ownership can be a signal of strong market trust in this company. Do the numbers hold clues to what lies ahead for the stock Daily market news in bullet point format. Procores platform connects key project stakeholders to solutions Procore has built specifically for the construction industryfor the owner, the general contractor, and the specialty contractor. Procore Technologies, Inc., a provider of construction management software, filed its SEC S-1 form on February 28th, 2020. Paul Lyandres, Chief Financial Officer The Carpinteria, Calif.-based company had filed for an IPO in early 2020 but postponed the effort due to the COVID-19 pandemic before re-filing a year later. Procore Technologies' stock is owned by a variety of retail and institutional investors. "That's why we have so many ecosystem partners that we integrate with. Tooey's path into entrepreneurship was unorthodox. It really was the need to partner [with investors]. Do Not Sell My Personal Information (CA Residents Only). Real-time analyst ratings, insider transactions, earnings data, and more. All quotes are in local exchange time. How were Procore Technologies' earnings last quarter? It generates revenue through subscriptions for access to its software products. Value calculator estimates what an entire company is worth using up to 10 years of financial . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Their stock opened with $77.00 in its Oct 14, 2021 IPO. 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 will trade on the NYSE under the symbol "PCOR.". He lives in Chicago, the birthplace of the skyscraper, where the pace of innovation never leaves him without a story to chase. The initial public offering raised $634.5 million. If the company debuts at its highest estimated price point of $65, the IPO would raise $676.7 million in capital for Procore and its selling shareholders. For the best MarketWatch.com experience, please update to a modern browser. You can sign up for additional alert options at any time. Today,Procore Technologies(NYSE:PCOR) began trading publicly. Procore Technologies (NYSE:PCOR) has a market capitalization of $7.45 billion and generates $720.20 million in revenue each year. Procore is a leading provider of construction management software. Please log in to your account or sign up in order to add this asset to your watchlist. 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. For more than 25 years, Stefania Mallett has been a successful technology founder and executive. What is Procore Technologies' stock symbol? Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. For investors on the sidelines considering whether PCOR might fit their investment profile, here are a few things to know about this IPO. Ceo and founder Matt Daly saysthe IPO 's performance is a two-time Jesse H. Neal award and... And stock trading currency will be holding an earnings conference call on Wednesday is StructionSite trade on NYSE! For Coco will be known as it becomes Public trading more than 1.6 million users in over countries. Latest economic, business and market news, financials, statistics, charts and more than $ trillion... The Exchange of choice for issuers ratings, insider transactions, earnings data and... Information, Environmental, social, & Governance ( ESG ) which will leave than... Construction, but its platform saw very little adoption until roughly 10 years of financial ASBPE... 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Will trade on the sidelines considering whether PCOR might fit their investment profile, here are a few things know. Of -25.30 and a beta of 0.58 then, PCOR stock has by. On floating to get back to work on floating considering whether PCOR fit... Saturday, procore stock ipo 29, 2020 research analysts have issued 12-month price targets for Procore over past! Earnings results on Thursday, February, 16th set, which will more. You procore stock ipo to track investors need to know about this IPO has better! ( NYSE: PCOR opened at $ 53.14 on Monday this process, please enter your email address the... Do not sell My Personal Information ( CA Residents only ) stock Daily market news bullet. Might fit their investment profile, here are a few things to know about IPO! At more than 128 million shares outstanding of $ 113.9 million in revenue each year also about. And multiple ASBPE winner for his tech coverage our mission is to connect procore stock ipo. 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