"The market for property is probably the oldest market in the world, and only now is it beginning to change rapidly. As PropertyGuru spearheads that change in Southeast Asia, Bridgetown 2 will provide capital and expertise to accelerate it even further", mentioned Peter Thiel, president of Thiel Capital.
PropertyGuru's SPAC listing is expected to raise north of $431 million when it debuts on the New York Stock Exchange (NYSE).
The listing is a major milestone for the company, which attempted to go public in 2019 but failed.
Founded in 2007, PropertyGuru's online platform now hosts over 2.8 million real estate listings, serving over 37 million property seekers a month across Southeast Asia.
The deal is expected to close by the end of 2021 or early 2022.
Already a member?
Sign in to read this article & enjoy the following:
Access to members-onnly content, events, and more
Connect with a global community of CEOs, Business Owners, and more.
Free Business Feature & Profile Listing
Post Unlimited Jobs & Hire Talent Effectively
Connect with Investors and Fundraise
Search through entire members, companies, and investors directory