PropertyGuru withdraws Australian IPO

The company stressed that it is not seeking new funds for business operations.

Online property portal PropertyGuru has cancelled its proposed initial public offering (IPO) on the Australian Securities Exchange (ASX), according to a press release.

PropertyGuru board cited the uncertainty in the current IPO market as the reason despite strong investor support.

The report added that the company is not looking for new funds to be raised for its business operations, highlighting that both major stockholders TPG and KKR were not selling any shares at IPO and had entered voluntary escrow arrangements until February 2021.

Photo courtesy of PropertyGuru.com.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

'Christian Horner: Unfiltered' Comes to Singapore During F1 Week

The former Oracle Red Bull Racing Team Principal headlines a one-night-only live conversation on leadership, team culture and life at the pinnacle of Formula 1

Leisure & Entertainment

2 hours ago

SC Capital acquires townhouse compound in Chung Hom Kok, Hong Kong