Deals
Procore Taps Goldman for IPO at $4 Billion-Plus Value
- Construction software provider may list as soon as this year
- Backers include Tiger Global Management and Iconiq Capital
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Procore Technologies Inc. is working with Goldman Sachs Group Inc. to lead a U.S. initial public offering that could value the construction-management software maker at more than $4 billion, according to people with knowledge of the matter.
The company is preparing an IPO for this year or early next year, said one of the people, asking not to be identified because the information is private. The company is on track to generate more than $400 million in revenue this year, this person said.