Welcome to our dedicated page for Procore Technologies news (Ticker: PCOR), a resource for investors and traders seeking the latest updates and insights on Procore Technologies stock.
Procore Technologies, Inc. provides cloud-based construction management software through a subscription SaaS platform for contractors, owners, and public-sector construction customers. News about PCOR commonly covers operating and financial results, annual recurring revenue trends, customer retention, guidance, and product updates across project management, resource management, project financials, analytics, BIM, and integrations.
Company updates also include AI and data initiatives, digital-twin and model-coordination integrations, FedRAMP-authorized Procore for Government, ecosystem partnerships such as telematics integrations, and leadership or board changes that affect governance and execution of the platform strategy.
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Procore Technologies, Inc. (NYSE: PCOR) successfully closed its initial public offering, selling 10,410,000 shares of common stock at $67.00 per share, including 940,000 shares purchased via underwriter options. The offering, managed by Goldman Sachs, J.P. Morgan, Barclays, and Jefferies, highlights Procore's strong market position in construction management software, with over 1 million projects utilizing its platform. The registration statement was effective as of May 19, 2021, making the shares available for trading on the New York Stock Exchange.