Fifth Wall aims to list blank-check company targeting PropTech space – Bloomberg

Fifth Wall Ventures Management LLC is aiming to launch a special purpose acquisition company that will target opportunities in the property-technology space, Bloomberg News reported, citing people with knowledge of the matter.

The California-based venture capital firm is looking to raise capital through the blank-check company and hired underwriters for the planned listing that is likely to take place as early as the first quarter, the people reportedly said.

CBRE Group Inc., Cushman & Wakefield PLC, D.R. Horton Inc., Lennar Corp., PulteGroup Inc. and Toll Brothers Inc. are among the real estate companies that are invested in Fifth Wall.

A spokeswoman for Fifth Wall declined to comment, according to Bloomberg.