KKR-backed PropertyGuru files for ASX IPO, aims to raise up to $256m

Hari V Krishnan, CEO, PropertyGuru

Southeast Asian property platform PropertyGuru, whose backers include PE giants TPG Capital and KKR, has officially filed for an IPO on the Australian Securities Exchange (ASX).

According to its prospectus, PropertyGuru is seeking to sell 84.5-93.3 million shares at an indicative price range of A$3.70-4.50 each. The price represents 9 to 10.9 times the company’s forecast revenue for the calendar year 2020.

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