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Procore expands into Middle East and North Africa

By   /  Tuesday, July 6th, 2021  /  Banking & Finance, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Procore Technologies, a Carpinteria-based company that provides software to the construction industry, announced an expansion into the Middle East and North Africa on July 6. The effort will be undertaken in partnership with Mubadala Investment Company, a sovereign investor for the government of Abu Dhabi that owns shares in Procore. “The construction sector in the Read More →

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Procore goes public, stock jumps 34%

By   /  Thursday, May 20th, 2021  /  Banking & Finance, Earnings, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore goes public, stock jumps 34%

Procore CEO Craig "Tooey" Courtemanche sits in his office at the company's Carpinteria headquarters (Nik Blaskovich photo)

Editor’s note: This article was updated after the market closed at 1 p.m. to reflect Procore’s closing price. Carpinteria-based Procore Technologies began trading on the New York Stock Exchange on May 20 and saw its share price shoot up 33.7% on its first day, to close at $89.59. Procore priced shares of its initial public Read More →

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Procore awaits IPO

By   /  Monday, May 17th, 2021  /  Banking & Finance, Latest news, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore awaits IPO

Editor’s note: This article was updated May 19 to reflect the fact that Procore did not begin trading that day. The Carpinteria-based software company Procore Technologies expects to raise around $615 million in an IPO scheduled for no later than May 21. The Procore IPO is on the New York Stock Exchange’s calendar for the Read More →

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Procore discloses projected share price for $600 million-plus IPO

By   /  Monday, May 10th, 2021  /  Banking & Finance, Latest news, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore discloses projected share price for $600 million-plus IPO

Carpinteria-based Procore Technologies plans to price its initial public offering between $60 and $65 per share, which would raise more than $600 million and give it a market capitalization of around $8 billion. Procore, a cloud software company for the construction industry, filed an amended S-1 statement on May 10 with the U.S. Securities and Read More →

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Procore IPO back on track with new SEC filing

By   /  Wednesday, March 3rd, 2021  /  Banking & Finance, Latest news, South Coast, Subscriber content, Technology, Top Stories, Top Story, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore IPO back on track with new SEC filing

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Central Coast Innovation Award honorees announced

By   /  Friday, February 26th, 2016  /  Latest news  /  Comments Off on Central Coast Innovation Award honorees announced

This year the Business Times introduced its newest venture, the Central Coast Innovation Awards. The inaugural awards featured a series of tri-county companies, both startups and established, who are revolutionizing the way business is done in the region. The Innovation Awards will be culminated with a ceremony on March 24, from 5:30-7:30 p.m. at the Read More →

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Carpinteria office campus sale largest deal this year

By   /  Wednesday, June 24th, 2015  /  Latest news, Real Estate, South Coast, Top Stories  /  Comments Off on Carpinteria office campus sale largest deal this year

Santa Monica-based Montana Avenue Capital Partners purchased the 118,394-square-foot oceanfront office campus at 6303-6309 Carpinteria Ave. in Carpinteria in a record setting deal, according to brokers who worked on the deal. The sale price was not disclosed, although the property was listed for $32.5 million. Francois DeJohn and Steve Hayes of Hayes Commercial Group represented Read More →

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