PropertyGuru to Go Public in Partnership with Bridgetown 2 (BTNB)
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PropertyGuru, Southeast Asia’s Leading Digital Property Marketplace Group, Plans to Go Public in Partnership with Bridgetown 2
July 23, 2021 2:41 PM EDTPropertyGuru is Southeast Asias #1 digital property marketplace with leading positions in Singapore, Vietnam, Malaysia and Thailand1 Transaction proceeds will be used to further accelerate organic growth and pursue M&A opportunities Transaction values PropertyGuru at an enterprise value of approximately US$1.35 billion and an equity value of approximately US$1.78 billion Transaction includes a fully committed US$100 million PIPE with participation from Baillie Gifford, Naya, REA Group, Akaris Global Partners, and one of Malaysias largest asset managers; REA Group has also committed to an additional US$32 million investment... More
