News Formal

PropertyGuru to go public in merger with SPAC backed by Richard Li, Peter Thiel

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

REUTERS: Southeast Asian online realty company PropertyGuru on Friday (Jul 23) agreed to go public through a merger with a blank-check firm backed ...

Bookmark

The deal with Bridgetown 2 Holdings, a special purpose acquisition company , is expected to fetch proceeds of US$431 million, including a private investment of US$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 US$32 million investment, PropertyGuru said.

The company offers digital property marketplaces to match buyers and tenants with sellers and landlords, as well as digital marketing for property agents and developers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PropertyGuru to go public in merger with SPAC backed by Richard Li, Peter Thiel
Source: TODAYonline - 🏆 1. / 99 Read more »

PropertyGuru to go public in merger with SPAC backed by Richard Li, Peter Thiel
Source: TODAYonline - 🏆 1. / 99 Read more »