REAL estate portal PropertyGuru has decided not to proceed with its proposed initial public offering on the Australia Securities Exchange .
The withdrawal is due to uncertainty in the current IPO market, despite “strong investor support” from a number of global and Australian investors, PropertyGuru’s board announced on Wednesday.with an indicative price range of A$3.70 to A$4.50 per share. A successful market debut would have raised A$362.6 million , if the final price were at the midpoint of the range.
The company said on Wednesday that it remains positive in its outlook for the performance of the business. “Importantly, the company does not require new funds to be raised to fund its current business operations,” it added.
ついこないだ発表してた上場予定を早くも見直し。プロパティグル。 RT : PropertyGuru scraps Australian IPO plan on 'market uncertainty'