KKR-backed Singapore online realty firm PropertyGuru weighs US listing via SPAC

Photo: PropertyGuru

PropertyGuru Ltd., the Singaporean online real estate firm backed by private equity firms KKR & Co. and TPG Capital, is considering a US listing through a merger with a special purpose acquisition company, according to people familiar with the matter.

The company is working with a financial adviser on the potential deal, the people said, asking not to be identified because the deliberations are private. PropertyGuru’s management are holding preliminary talks with several SPACs and aim to strike a deal as early as this year, the people said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter