July 5

Construction Management Software Provider Procore IPO

Procore IPO Success Highlights Future of Construction Management Software and Apps 

procore ipo logoConstruction management software provider Procore’s IPO in May raised $634.5Mbeating expectations.

We want to congratulate Procore and its founder, Tooey Courtemanche. (Congratulations!!)  After putting it off for a year because of the pandemic, they set a price range of $60 – $65 for the initial public offering, but sold 9.47 million shares for $67 each. Seems like a good day to us.

“The construction industry is in the early stages of massive digital transformation.”

 –Tooey Courtemanche

We say this proves the point:  construction management software and apps are here to stay for the construction industry.  They will have a major impact going forward.

 


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