Before the SPAC boom, there were a number of proptech companies in the IPO pipeline. As more SPACs, which are also known as special purpose acquisition companies or blank check companies, have hit the market, this pipeline is emptying.
"That could have taken quite some time to clear itself out because there is just a huge backlog of companies that were doing an IPO, irrespective of whether they were proptech or not," says Zak Schwarzman, a partner at MetaProp.
As these SPACs are successful, more will follow.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
