Procore Technologies IPO
Procore Technologies provides cloud-based construction management software that helps construction companies manage projects, resources, and financials. The company serves contractors, owners, and specialty contractors with tools for project management, quality control, and financial oversight.
Key Facts
| Industry | Construction Technology |
| Founded | 2002 |
| Headquarters | Carpinteria, CA |
| Employees | ~3,000 |
| Website | procore.com |
| Funding | Public company (IPO May 2021) |
About Procore Technologies
Procore Technologies operates a leading cloud-based construction management platform that connects project stakeholders and streamlines construction workflows from pre-construction through project completion. The platform includes modules for project management, quality and safety, field productivity, and financial management, serving as a central hub for construction project information and collaboration.
With over 1.6 million users globally, Procore has established itself as the dominant player in construction project management software, serving general contractors, specialty contractors, and project owners across residential, commercial, and infrastructure projects. The company went public in 2021 and has continued expanding internationally while building out its platform through both internal development and strategic acquisitions. Procore's success reflects the construction industry's ongoing digital transformation as companies seek to improve project delivery efficiency and reduce the high failure rates that have historically plagued construction projects.
IPO Status
Procore Technologies went public in May 2021 on the New York Stock Exchange under the ticker symbol PCOR. The company raised approximately $634 million in its IPO, pricing shares at $67 each, which was above the expected range of $60-65 per share. This gave Procore an initial market valuation of around $9.6 billion. The IPO was well-received by investors, driven by strong demand for construction technology solutions and Procore's position as a leader in the construction management software market. The company benefited from increased digitization in the construction industry, particularly accelerated by the COVID-19 pandemic's impact on traditional construction workflows.
Competitors
Frequently Asked Questions
Does Procore Technologies have a stock?
Yes, Procore Technologies completed its IPO in May 2021. The company went public on the New York Stock Exchange under the ticker symbol PCOR.
When is the Procore Technologies IPO date?
Procore Technologies already had its IPO on May 20, 2021. The company has been publicly traded for several years now.
How can I buy Procore Technologies stock?
You can buy Procore Technologies stock through any brokerage account since it trades publicly on the NYSE under the ticker PCOR. The stock is available for purchase during regular market hours and after-hours trading.
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