Metropolis Technologies Stock

metropolis.ioReal Estate / Real Estate Products & ServicesFounded: 2017Funding to Date: $176.16MM

Metropolis is an AI-powered parking lot management solution.

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Metropolis Technologies is a privately held company and therefore does not have a public stock price. However, you may access Metropolis Technologies’ private market stock price with Forge Data.
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Metropolis Technologies does not have an official ticker symbol because this company is not currently publicly traded.
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News Highlights

Metropolis Raises $1.7 Billion to Aid Its Growth
Artificial intelligence company Metropolis Technologies has raised $1.7bn in funding to support its growth and acquisition of SP Plus Corp. The funding comprises $1.05bn in series C stock funding and $650m of debt financing, led by Eldridge Industries and 3L Capital. Metropolis uses AI to streamline parking services, including automated payments and license plate recognition.
Parking payment firm Metropolis to buy Chicago parking company SP Plus for $1.5 billion
The article discusses the financial performance of tech company, Techtronix, which reported higher than expected quarterly earnings. This success is attributed to the company's investments in data analytics and AI technologies. However, the company's hardware segment continues to underperform, which could impact future growth.
SP Plus to be taken private by Metropolis Technologies for $1.5B
Metropolis Technologies is set to acquire SP Plus in a private deal valued at $1.5 billion, or $54 per share - a premium of 52% over SP Plus's closing share price on Tuesday. Metropolis Technologies has secured commitments for $1.7 billion in financing led by Eldridge and 3L Capital, along with new investors including BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, and Temasek.
Updated on: Apr 15, 2024

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