PropertyGuru

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,...

PropertyGuru raises S$200m funding from KKR

PropertyGuru Group, which operates real estate portals and apps in Southeast Asia, said on Wednesday (Oct 31) it has secured a S$200 million investment from private equity firm KKR & Co as it seeks to grow its services. Singapore-based PropertyGuru will use the funds to take full ownership of Vietnamese property portal Batdongsan.com.vn, in which it already owns a stake, to expand in its fifth...

PropertyGuru gets S$175m investment boost

Singapore's PropertyGuru has raised S$175 million from several investors include US private equity giant TPG, in a sign of growing interest in regional online portals that cater to consumers looking to buy or rent property. The other investors are Indonesian media company Emtek Group and Asia Pacific-based tech venture capital firm Square Peg Capital, PropertyGuru said in a statement on Tuesday (Jun...

PropertyGuru considers listing in Australia or S’pore

Online property portal group PropertyGuru is seeking to launch an initial public offering within the next 18 months, with Singapore or Australia the most likely listing destination, the company’s Chief Executive said yesterday. If the company lists in Singapore, it would be the first online property portal to list in the city-state, while in Australia, it would be the second after ipropertygroup,...

PropertyGuru secures major strategic investment from ImmobilienScout24, a subsidiary of Deutsche Teleko

PropertyGuru, Asia's leading property portal group, today announced that it has secured a double digit million Singapore dollar strategic investment from ImmobilienScout24, Europe's top property portal group and a subsidiary of global company Deutsche Telekom. This is one of the biggest online deals in Asia this year, and re-enforces the rapidly emerging online media opportunity in South East Asia. The...

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