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 this year, sources with knowledge of the deal told Reuters on Tuesday.
PropertyGuru has appointed UBS and Credit Suisse as joint lead managers for the IPO. Both banks declined comment. The appointments of Mr Lim, Ms Macdonald and Ms Wilson are part of a broader exercise to evolve the property technology company's corporate governance in tandem with its growth trajectory and the increasing scale of its business, PropertyGuru said.
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