PropertyGuru, one of Southeast Asia’s leading property technology companies, announced today it has lodged a prospectus with the Australian Securities and Investment Commission for an IPO that could potentially raise ASD 363 million (USD257 million).
Founded in 2007, PropertyGuru operates digital property classifieds marketplaces in five countries across Southeast Asia, namely Singapore, Vietnam, Malaysia, Thailand and Indonesia.
Its intention to list in Australia was first reported by various outlets in early September. In 2018, it received a Series D funding of USD 145 million from US private equity firm KKR. The company claimed to be profitable and cash flow positive at that time.
In 2015, it raised USD 129 million from three investors: TPG from the US, Square Peg Capital from Australia and Indonesia-based media company Emtek Group.
PropertyGuru claims it serves about 23 million users monthly and has 60% consumer market share across its five operating markets in Southeast Asia.
South Africa Today