Page 17 - Matt Ehrlichman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Porch makes stock market debut, raising $322M to fuel its ambitions in home services technology December 24, 2020 at 8:42 am Porch makes its stock market debut, as seen via live stream in New York’s Times Square. Serial entrepreneur Matt Ehrlichman was inspired to start Porch after encountering challenges during the construction of his family’s home. Eight years later, he just took the company public from the same house. “We’ve now earned the opportunity to build what we set out to,” the Porch CEO said via video from Seattle on Thursday morning, thanking the company’s employees, i...

Share via Shortlink Porch CEO Matt Ehrlichman (right), with Abu Dhabi Investment Authority veteran Thomas Hennessey (Ehrlichman via Porch, Hennessey via LinkedIn) Porch.com gave an early Christmas present to its investors: The home-services startup will start trading on Nasdaq on Dec. 24 after its merger with a blank-check company was finalized. The deal with Proptech Acquisition Corp. closed Wednesday, after shareholders approved the transaction at a special meeting held virtually on Dec. 21. After the vote, shares of the special-purpose acquisition company closed at $12.68, up 25 pe...

About PropTech Acquisition Corporation PropTech Acquisition Corporation is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses focused on real estate technology. For more information, visit proptechacquisition.com. PropTech and Porch Business Combination Summary On July 30, 2020, Porch entered into a definitive agreement with PropTech Acquisition Corporation (NASDAQ:PTAC) ("PropTech"), a special purpose acquisition company tar...