PropertyGuru Group Limited Southeast Asia’s leading, property technology company, has successfully commenced trading on the New York Stock exchange under the ticker PGRU.
A milestone for the establishment which has grown leaps and bounds over the years, headquartered in Kuala Lumpur the company held concurrent events in New York and Singapore to celebrate the milestone with the Company’s staff and partners from its Southeast Asian markets.
“Our successful listing on the NYSE will allow us to open more doors for the millions of residents across Southeast Asia looking for that perfect home or property investment,” said Hari V. Krishnan, Chief Executive Officer, and Managing Director, PropertyGuru Group “We have a tremendous opportunity ahead of us as more affluent and digitally-enabled populations enter the real estate market. As a public company, we will also enable global investors to access this high-growth market.”
Having started in 2006, PropertyGuru serves 5 countries with 3.3 million property listings and 52 million visitors to the platform. The listing comes after Grab Singapore took the same route this year when it was listed on Nasdaq.
The listing comes after its announced business combination with Bridgetown 2 Holdings Limited, a special purpose acquisition company formed by Pacific Century Group and Thiel Capital LLC. The valuation was at US$1.78 billion.
