Procore Technologies, Inc.

Procore Technologies, Inc. (PCOR) priced its initial public offering on May 21, 2021 at $67.00 per share, above its $60.00–$65.00 range, raising $634.5M, and listed on NYSE. At the IPO price its market capitalization was about $8.59B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Barclays and Jefferies and others. Cooley advised the company and Latham & Watkins advised the underwriters.

Procore Technologies, Inc. provides cloud-based construction management software that connects owners, general contractors, specialty contractors, architects and engineers on a single platform. It lets them collaborate from any location and device and access project information, workflows and communications in real time.

Status

IPO

Ticker

PCOR

Exchange

NYSE

Priced

May 21, 2021

IPO price

$67.00

Price range

$60.00–$65.00

Raised

$634.5M

Market cap at IPO price

$8.59B

First filed

Feb 28, 2020

Underwriters

Goldman Sachs, J.P. Morgan, Barclays, Jefferies, Canaccord Genuity, KeyBanc, Oppenheimer, Piper Sandler, Stifel and William Blair

Company counsel

Cooley

Underwriters' counsel

Latham & Watkins

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.