Real Estate

PropertyGuru SPAC merger with Richard Li-backed Bridgetown 2 Holdings


Hari Krishnan, chief executive officer of Singapore-based start-up PropertyGuru.

Nicky Loh | Bloomberg | Getty Images

Southeast Asia’s online real estate company PropertyGuru plans to use proceeds from its public market debut next year for mergers and acquisitions, its CEO Hari V. Krishnan told CNBC.

The start-up — which operates in Singapore, Malaysia, Thailand, Vietnam and Indonesia — announced plans in July to go public through a SPAC merger with Bridgetown 2 Holdings, a blank-check company backed by billionaires Richard Li and Peter Thiel.

SPACs — or special purpose acquisition companies — raise capital from public markets and use that cash to merge with a private company, with…


0 0 votes
Article Rating

Goldman CEO Solomon sees policy, not the pandemic, as the biggest risk ahead for markets

Previous article

El-Erian says ‘transitory’ was the ‘worst inflation call in the history’ of the Fed

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate