Propertyguru, Ipo

Propertyguru, Ipo

PropertyGuru plans up to A$400m Australian IPO: sources

PropertyGuru plans up to A$400m Australian IPO: sources

10.9.2019

PropertyGuru plans up to A$400m Australian IPO : sources

[SINGAPORE] South-east Asian online realtor PropertyGuru Group, which counts buyout firms TPG Capital and KKR among its backers, is targeting an Australian IPO which could raise up to A$400 million (S$378.5 million) this year, sources with knowledge of the deal told Reuters on Tuesday. Read more at The Business Times.

Senior officials from the Singapore-based company, which operates real estate portals in the region, will start meeting Australian investors within the next few weeks before starting their pitches to Asian and US investors, two sources said.

PropertyGuru has appointed UBS and Credit Suisse as joint lead managers for the IPO. Both banks declined comment.

Read more: The Business Times

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