Procore IPO Raises $634.5M, Reaches Valuation of More Than $8.5B in First Day of Trading

Cloud-based construction management software company Procore Inc. sold 9.47 million shares for $67 each in an initial public stock offering on the New York Stock Exchange on May 20. Trading by the end of the day had the company's market value at more than $8.5 billion, based on outstanding shares listed in SEC filings.

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Construction Economics for May 17, 2021

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

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AEC Coalition Lays Out Federal Actions for Healthier Buildings

A coalition of more than 250 architecture, engineering and construction firms is urging the Biden administration to take “swift executive action” to require higher sustainability standards for U.S. buildings and infrastructure as part of its Build Back Better plan.
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