Procore reveals pricing of initial public offering
Procore Technologies has revealed the pricing of its initial public offering of its common stock at a price of $67.00 per share.
Procore is offering 9,470,000 shares of its common stock. The shares are expected to begin trading on the New York Stock Exchange on May 20, 2021 under the symbol "PCOR" and the offering is expected to close on May 24, 2021, subject to customary closing conditions.
In addition, Procore has granted the underwriters a 30-day option to purchase up to an additional 940,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions.