Procore Goes Public on the New York Stock Exchange as PCOR

courtesy of Procore

Procore, the construction management software company, has been rumored to be interested in filing for an IPO since at least 2019.  In the Spring of 2020, Procore ended up delaying its plans to go public after it received $150million in funding and a valuation of around $5 million, citing interest in raising more money amidst an uncertain economy during the heart of the coronavirus pandemic.

That turned out to be a pretty good move for the company, as Procore officially went public on May 20, raising $634.5 million on a $8.5 billion evaluation.

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