Knock is the most recent proptech stated to be eyeing the public markets

by RJ Shara | Mar 29, 2021 | Fundings and Exit, Startups

Another proptech is considering raising capital through the public arena. Knock confirmed Monday that it is considering going public, although CEO Sean Black did not specify whether the business would do so via a traditional IPO, SPAC merger or direct listing. “We are thinking about all of our options,” Black informed TechCrunch. “We pioneered the real […] According to Bloomberg, Knock is possibly seeking to raise $400 million to $500 million through an IPO, according to “individuals familiar with the matter,” at an appraisal of about $2 billion. Black and Knock COO Jamie Glenn are no complete strangers to the proptech game, having both been on the starting group of Trulia, which went public in 2012 and was acquired by Zillow for $3.5 billion in 2014. At the time, Knock unveiled its Home Swap program, under which Knock serves as the loan provider to assist a house owner buy a new home before selling their old home. With that relocation, Knock removed its House Trade In program, where it assisted consumers buy prior to offering by using its own money to buy the new home on behalf of the consumer prior to prepping and listing the customer’s old house on the open market. Knock verified Monday that it is thinking about going public, although CEO Sean Black did not specify whether the business would do so by means of a conventional IPO, SPAC merger or direct listing….