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Software Firm Procore Targets $616 Million for IPO Raise

From Bloomberg: Procore Technologies Inc., a cloud-based construction software company, is seeking to raise as much as $616 million in an initial public offering. Procore, which is restarting its IPO plans after they were delayed by the coronavirus pandemic, said in a filing Monday that it plans to sell 9.47 million shares for $60 to $65 each.[…]