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Singapore's PropertyGuru may consider future Asia listing after going public in New York as it aims to be 'gateway' to region's real estate thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Indian food delivery and restaurant aggregator Zomato made a stellar market debut this week with its stock surging 65%, giving the startup a valuation of about $14 billion. The successful outing of the homegrown company is a milestone event for India’s entrepreneurial ecosystem as several others queue up to list. Berkshire Hathaway Inc-backed Paytm, hospitality company Ola, both backed by SoftBank, are among other Indian startups set to test public market waters. Zomato’s IPO outing shows that public markets can be more enthusiastic than private equity players in driving up valuations. Zomato’s close competitor Swiggy was recently valued at less than two-fifths those levels, or $5.5 billion, after a $1.25-billion fundraising in the private markets. ....
PropertyGuru agrees to go public in merger with SPAC backed by Richard Li, Peter Thiel Photo: PropertyGuru July 24, 2021 Southeast Asian online realty company PropertyGuru on Friday agreed to go public through a merger with a blank-check firm backed by billionaires Richard Li and Peter Thiel, giving the combined company an equity value of about $1.78 billion. The deal with Bridgetown 2 Holdings, a special purpose acquisition company (SPAC), is expected to fetch proceeds of $431 million, including a private investment of $100 million from Baillie Gifford, Naya, REA Group and Akaris Global Partners. One of Malaysia’s largest asset managers, REA Group, has also committed to an additional $32 million investment, PropertyGuru said. ....
BENGALURU (July 23): Southeast Asian online realty company PropertyGuru on Friday agreed to go public through a merger with a blank-check firm backed by billionaires Richard Li and Peter Thiel, giving the combined company an equity value of about $1.78 billion. The deal with Bridgetown 2 Holdings, a special purpose acquisition company (SPAC), is expected to fetch proceeds of $431 million, including a private investment of $100 million from Baillie Gifford, Naya, REA Group, Akaris Global Partners, and one of Malaysia s largest asset managers. Australia s REA Group has also committed to an additional $32 million investment, PropertyGuru said. The combined company will be listed on the New York Stock Exchange once the deal is finalised, PropertyGuru said in a statement. ....
PropertyGuru to go public in merger with SPAC backed by Richard Li, Peter Thiel reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.