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PropertyGuru seals US$1.78 billion merger, to go public on the NYSE


Tech
17 hours, 57 minutes
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Singapore-based real estate technology company PropertyGuru – one of the largest in Southeast Asia – has agreed to a merger with special purpose acquisition company (SPAC) Bridgetown 2 Holdings.
The merger is set to close within the fourth quarter of 2021 or early 2022, will form a new combined entity set to be worth US$1.78 billion. The new entity will also be listed publicly on the New York Stock Exchange (NYSE).
PropertyGuru, which was founded in Singapore in 2007, has since grown to become a leading real estate services company serving millions of potential buyers or renters each month across countries such as Singapore, Malaysia, Vietnam, Thailand, and Indonesia.

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PropertyGuru set to go public in $1.7B SPAC deal


PropertyGuru set to go public in $1.7B SPAC deal
ZDNet
12 hrs ago
© ZDNet
PropertyGuru set to go public in $1.7B SPAC deal
PropertyGuru has agreed to a merger deal with special purpose acquisition company (SPAC) Bridgetown 2 Holdings, which will see the Singapore-based online property marketplace list on the New York Stock Exchange. The combined entity is expected to have an equity value of $1.78 billion at closing. 
The merger is projected to close in the fourth quarter of 2021 or first quarter of 2022, subject to regulatory and stockholder approvals, said PropertyGuru in a statement over the weekend. 
It added that the merged entity would have an enterprise value of some $1.35 billion. 

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