Procore Technologies, Inc. launches an IPO.

IPO of Procore Technologies, Inc. (PCOR) will take place on May 19, 2021. Procure Technologies is a leading provider of cloud software for construction project management. The company is concentrated exclusively on construction, connection of all parties of the construction process and broadening options of concerned parties such as owners, general contractors, specialised contractors, architects and engineers to collaborate from anywhere on any internet-connected device. The Procore platform modernizes and digitizes construction management by providing real-time access to critical project information, simplifying complex working process and enabling continuous connection between parties involved. All of it enables the platform to be used as a record system for the construction industry.

The estimated valuation of the company after its IPO will be $7 billion.

The listed bookrunners of the IPO are Goldman Sachs, JP Morgan, Barclays, Jefferies, Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer & Co., Piper Sandler, Stifel and William Blair.