SYDNEY - PropertyGuru, the South-east Asian online realty company, is offering shares at the lower end of the A$3.70 to A$4.50 indicated range as it takes orders for its Australian initial public offering , according to two sources close to the deal.
Ahead of the deal, PropertyGuru had indicated the stock would be priced to institutional shareholders to raise up to A$380.2 million . "Institutional price sensitivity is currently focused on the bottom end of the price range with a number of indications above that level," the message said.PropertyGuru, backed by KKR and TPG Capital, is based in Singapore and operates in that market along with Vietnam, Thailand, Malaysia and Indonesia.
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