PropertyGuru's "tried-and-tested" business model, its 14-year history, and the company's economic fundamentals will be able to"I think that separates us from a lot of other companies that have gone public either through the SPAC route or who are from our part of the world," he said, adding that the business has a comparatively conservative market valuation than its listed peers.
"We feel we're a compelling investment and obviously, time will tell whether investors agree," Krishnan said.In a regulatory filing, the company reported a net loss of 14.4 million Singapore dollars last year and a net loss of 38.5 million Singapore dollars in 2019. For the six months ending in June, PropertyGuru reported a net loss of 150.6 million Singapore dollars and attributed most of it to fair value loss on preference share conversion options. The company said that as those preference shares have been converted to ordinary shares, such fair value losses "are not expected in future periods."Wei Leng Tay | Bloomberg | Getty ImagesThe coronavirus pandemic is a major headwind for the company and 2020 was a challenging year, Krishnan said.
PropertyGuru has been expanding beyond property marketplaces, and into fintech and data software services, with an overall total addressable market at roughly $8 billion, he added.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »