PropertyGuru IPO

PropertyGuru not proceeding with Australia IPO

Southeast Asian online realtor PropertyGuru announced on Wednesday (Oct 23) that it has decided not to proceed with its proposed initial public offering (IPO) on the Australian Securities Exchange (ASX). Its IPO would have raised about A$380.2 million (S$355 million). In a media release, the Singapore-based company cited "uncertainty in the current IPO market" as the reason for withdrawing its IPO,...

PropertyGuru lodges prospectus for Australia listing to raise up to A$380m

South-East Asian real estate portal PropertyGuru, which counts buyout firms TPG Capital and KKR among its backers, has announced its intention to list on the Australian Securities Exchange (ASX), which will fund potential expansion plans such as an online mortgage marketplace and data offerings. In a prospectus lodged on Monday, the Singapore-based property technology (proptech) firm gave an indicative...

PropertyGuru plans Australia IPO, potentially biggest of year: Sources

Southeast Asian online realtor PropertyGuru Group, whose backers include buyout firms TPG Capital and KKR, is planning an Australian IPO that could raise up to A$400 million (S$379 million) this year, sources with knowledge of the deal said. It would be the country's largest offering this year after Fineos, an Irish insurance software firm, listed in Australia last month after a A$190 million IPO,...

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