Singapore’s online real estate firm PropertyGuru Pte is nearing a deal to go public through a merger with Bridgetown 2 Holdings, the blank-check company backed by billionaires Richard Li and Peter Thiel, Bloomberg reports, citing people with knowledge of the matter.
A deal has been rumored for more than a month.
A transaction could value the combined entity at about $1.8 billion. The deal will also include a PIPE of about $100 million to $150 million, anchored by institutional investors including Australia’s REA Group. Read more.