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PropertyGuru Group ( (PGRU) ) has shared an announcement.
EQT Private Capital Asia has completed its acquisition of PropertyGuru Group, valuing the company at approximately USD 1.1 billion. Following the acquisition, PropertyGuru will delist from the New York Stock Exchange and operate as a private company. This move is expected to propel PropertyGuru into its next growth phase in Southeast Asia’s dynamic real estate markets, leveraging EQT’s expertise to drive technology innovation, operational excellence, and market expansion. The acquisition positions PropertyGuru to capitalize on regional trends like urbanization and digitalization, aiming to enhance its market offerings and strengthen its industry position.
More about PropertyGuru Group
PropertyGuru Group is Southeast Asia’s leading property technology platform, connecting over 31 million property seekers with more than 50,000 agents monthly across Singapore, Malaysia, Thailand, and Vietnam. Established in 2007 and headquartered in Singapore, the company offers a comprehensive suite of services including real estate listings, data-driven insights, mortgage solutions through PropertyGuru Finance, and enterprise client solutions under PropertyGuru for Business.
YTD Price Performance: 100.60%
Average Trading Volume: 182,170
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.1B
For a thorough assessment of PGRU stock, go to TipRanks’ Stock Analysis page.
