“We intend to use part of the proceeds from the offering to pursue our growth strategy, ” PropertyGuru’s CEO Hari Krishnan (pic) said in a statement, adding that the company was looking at providing property seekers in the company’s core markets with access to mortgage financing through an online mortgage marketplace.
SINGAPORE: South-East Asian online realtor PropertyGuru Ltd filed a prospectus in Australia seeking an initial public offering (IPO) that could raise as much as A$380.2mil (US$257mil).
PropertyGuru, whose backers include buyout firms TPG Capital and KKR, has set an indicative price range of A$3.70 to A$4.50 each, according to its prospectus filed with the Australian Securities and Investment Commission yesterday.
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