PropTech Investment Corp II (PTIC) to Combine with Appreciate in $416M Deal

PropTech Investment II (NASDAQ:PTIC) has entered into a definitive agreement to combine with rental marketplace Appreciate at an enterprise value of $416.1 million, or 3.7x its 2023E revenue. Minnetonka, Minnesota-based Appreciate hosts a technology platform for purchasing and managing rental properties for retail and institutional buyers. The combined company is expected to trade on the
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