Bridgetown 2 (NASDAQ:BTNB) has entered into a definitive agreement to combine with Asian proptech firm PropertyGuru at an enterprise value of $1.35 billion, or 17.8x … Once the agreement closes (between the … Ltd. ("PropertyGuru" or "the Company"), Southeast Asia's leading property technology ("PropTech") company 1, and Bridgetown 2 Holdings Limited (NASDAQ: BTNB) ("Bridgetown 2"), a special purpose acquisition company formed by Pacific Century Group ("Pacific Century") and Thiel Capital LLC ("Thiel Capital"), announced today that … $299 million capital raised launched January 2021. “As PropertyGuru spearheads that change in Southeast Asia, Bridgetown 2 will provide capital and expertise to accelerate it even further,” he said. Skadden is advising Bridgetown 2 Holdings Limited — a special purpose acquisition company — on its $1.8 … The combined company will have an enterprise value of about $1.35 billion. PropertyGuru has agreed to a merger deal with special purpose acquisition company (SPAC) Bridgetown 2 Holdings, which will see the Singapore-based online property … Southeast Asian online realty company PropertyGuru on Friday agreed to go public through a merger with a blank-check firm backed by billionaires Richard Li and Peter Thiel, giving the combined company an equity value of about $1.78 billion. Australia’s REA Group has also committed to an additional $32 million investment, PropertyGuru said. Ltd. (“PropertyGuru” or “the Company”), Southeast Asia’s leading property technology (“PropTech”) company 1, and Bridgetown 2 Holdings Limited (NASDAQ: BTNB) (“Bridgetown 2”), a special purpose acquisition company formed by Pacific Century Group (“Pacific Century”) and Thiel … The deal is expected to provide up to $850 million of gross cash proceeds, including a $450 million PIPE. PropertyGuru Pte. The Singapore-based unicorn will focus on growing the company beyond its core property listings business and rolling out ancillary services such as mortgage and home insurance broking, and data analytics, says Melhuish. You may opt-out by. Forward-Looking Statements. The deal announcement had been expected for nearly two months. SINGAPORE & HONG KONG, July 23, 2021--PropertyGuru Pte. 2017260392 Our Standards: The Thomson Reuters Trust Principles. Why Not Act Faster? It serves 37 million property seekers a month and 49,000 active property agents across Indonesia, Malaysia, Singapore, Thailand and Vietnam. We want to do a lot more when it comes to digitizing loan origination.”. PropertyGuru, Southeast Asia’s Leading Digital Property Marketplace Group, Plans to Go Public in Par. Bridgetown 2 Holdings. Vacant Land for Sale at 297/17 Stirling Street, Bridgetown WA 6255. The transaction, which values the combined entity at $ 1.8 billion, is expected to close by year-end or in the first quarter of 2022, Melhuish said. The Death of the Gods is an exploration of power in the digital age, and a journey in search of the new centres of control. Software professionals, architects, project leads, or managers at any stage of their career will benefit greatly from this book, which provides guidance and knowledge that would otherwise take decades and many projects to acquire. PropertyGuru and Bridgetown 2 have posted an investor presentation to their respective websites, which can be accessed here and here. The company will raise gross proceeds of $431 million as part of the deal, providing sufficient capital to pursue both organic and inorganic growth, he says. “As PropertyGuru spearheads that change in Southeast Asia, Bridgetown 2 will provide capital and expertise to accelerate it even further,” he said. PropertyGuru Pte., a PropTech company operating in Southeast Asia, plans to merge with Bridgetown 2 Holdings. As a result of the transaction, PropertyGuru will become a publicly traded company. PropertyGuru is Southeast Asia’s #1 digital property marketplace with leading positions in Singapore, Vietnam, Malaysia and Thailand1 Transaction proceeds will be used to further accelerate organic growth and pursue M&A opportunities Transaction values PropertyGuru at an enterprise value of approximately US$1.35 billion and an equity value of approximately … PropertyGuru is Southeast Asia’s #1 digital property marketplace with leading positions in Singapore, Vietnam, Malaysia and Thailand1 Transaction proceeds will be used to further accelerate organic growth and pursue M&A opportunities Transaction values PropertyGuru at an enterprise value of approximately US$1.35 billion and an equity value of … ©2021 DealFlow Financial Products, Inc. (d/b/a DealFlow Events). PropertyGuru has also recently announced plans for a merger with Bridgetown 2 Holdings Ltd., a Nasdaq-traded special purpose acquisition corporation, that would … “We plan to continue to innovate and grow,” Steve Melhuish, cofounder of PropertyGuru, said in a recent virtual interview with Forbes Asia. It hosts over 2.8 million real estate listings on its digital platform and serves 37 million buyers and more than 50,000 active property agents. PropertyGuru has since grown to become the No.1 only real estate listings platforms across Singapore, Indonesia, Malaysia, Thailand and Vietnam. Found insideA landmark insider's tour of how social media affects our decision-making and shapes our world in ways both useful and dangerous, with critical insights into the social media trends of the 2020 election and beyond "The book might be ... July 27, 2021. PropertyGuru unveiled its fintech plans in July after announcing a merger with Nasdaq-listed Bridgetown 2 Holdings, a blank-check company controlled by billionaires … PropertyGuru agreed to merge with Nasdaq-listed Bridgetown 2 Holdings—a blank-check company controlled by billionaires Richard Li and Peter Thiel—as the … PropertyGuru, which runs real estate rental and sale listing sites in Southeast Asia, is going public on the NYSE via a SPAC merger at a valuation of ~$1.8B Source: … Welcome to the age of the algorithm, the story of a not-too-distant future where machines rule supreme, making important decisions - in healthcare, transport, finance, security, what we watch, where we go even who we send to prison. Seeking Alpha - • Bridgetown 2 Holdings (NASDAQ:BTNB) , a SPAC backed by Peter Thiel and Richard Li, confirmed a deal to take Singapore online real estate firm … Peter Thiel-backed SPAC Bridgetown 2 confirms deal to take Singapore's PropertyGuru public - Flipboard Stockholders of approximately 14 million shares of preferred and common stock have signed a support agreement in advance of a vote on the deal. Dubbed Bridgetown 2, the combined company, which is to list on the New York Stock Exchange, will have an enterprise value of $1.35 billion and an equity value of $1.78 billion, digital marketplace operator PropertyGuru said in a release. Bridgetown 2 Holdings (NASDAQ:BTNB), a SPAC backed by Peter Thiel and Richard Li, confirmed a deal to take Singapore online real estate firm PropertyGuru public. Stay informed on the latest daily SPAC news. Bridgetown 2 has been in talks to merge with PropertyGuru, Bloomberg News first reported in June. This document includes “forward-looking statements” within the meaning of the federal securities laws with respect to the proposed … PropertyGuru is Southeast Asia’s #1 digital property marketplace with leading positions in Singapore, Vietnam, Malaysia and Thailand1 Transaction proceeds will be used to further accelerate organic growth and pursue M&A opportunitiesTransaction values PropertyGuru at an enterprise value of approximately US$1.35 billion and an equity value of approximately … Bridgetown 2 To Combine With PropertyGuru. Read more. Ltd. ("PropertyGuru" or "the Company"), Southeast Asia's leading property technology ("PropTech") company 1, and Bridgetown 2 Holdings Limited … Under that deal, REA Group—majority-owned by billionaire Rupert Murdoch’s News Corp.—will get an 18% stake in PropertyGuru, which also counts TPG Group and KKR among its existing investors. View property photos, floor plans, local school catchments & lots more on Domain.com.au. However, while PubCo, Bridgetown 2 and PropertyGuru may elect to update these forward-looking statements at some point in the future, PubCo, Bridgetown 2 and … Leading proptech company for Southeast Asia, PropertyGuru, has announced it has joined with SPAC Bridgetown 2 Holdings Limited. The special purpose acquisition company raised about US$300 million in a U.S. initial public offering in January and its shares were trading close to their debut price of US$10 last week. The transaction—which values the combined entity at $1.8 billion—is on track to be completed by year-end or the first quarter of 2022, Melhuish says. Ltd. (PropertyGuru), Southeast Asia’s leading property technology company, and Bridgetown 2 Holdings Limited (NASDAQ: BTNB) (Bridgetown 2), a special purpose acquisition company, have announced that they have entered into a business combination agreement. This document includes “forward-looking statements” within the meaning of the federal securities laws with respect to the proposed … “The acquisition considerably strengthens our position,” Melhuish says. PropertyGuru is one of the leading digital real estate firms in Southeast Asia, with 37 million monthly customers. Singapore's online real estate firm PropertyGuru Pte is nearing a deal to go public through a merger with … “We’re just scratching the surface. The transaction values PropertyGuru at an enterprise value of approximately $1.35 billion and an equity value of approximately $1.78 billion. The combined company will be listed on the New York Stock Exchange once the deal is finalised, PropertyGuru said in a statement. PropertyGuru and Bridgetown 2 have posted an investor presentation to their respective websites, which can be accessed here and here. Bridgetown 2 filed a Current Report on Form 8-K, which includes a copy of the business combination agreement … As PropertyGuru spearheads that change in Southeast Asia, Bridgetown 2 will provide capital and expertise to accelerate it even further,” Thiel Capital President … Based in Singapore, I am a contributing editor for Forbes Asia, covering entrepreneurs, wealth and deals across Southeast Asia. PropertyGuru unveiled its fintech plans in July after announcing a merger with Nasdaq-listed Bridgetown 2 Holdings, a blank-check company controlled by billionaires Richard Li and Peter Thiel. PropertyGuru unveiled its fintech plans in July after announcing a merger with Nasdaq-listed Bridgetown 2 Holdings, a blank-check company controlled by billionaires Richard Li and Peter Thiel. Ltd. (PropertyGuru or the Company), Southeast Asias leading property technology (PropTech) company1, and Bridgetown 2 Holdings Limited (NASDAQ: … If approved, upon closing the combined company is expected to trade on the NYSE. To complete its deal with PropertyGuru, Bridgetown 2 raised an additional $100 million in a private investment in public entity (PIPE) financing, backed by … In May, the company acquired REA Group’s units in Malaysia and Thailand. Speech Police is the most comprehensive and insightful treatment of the subject thus far, and reminds us of the importance of maintaining the internet's original commitment to free speech, free of any company's or government's absolute ... Demand for housing in the city-state is heating up amid expectations the Singapore economy will gradually recover as the government eases pandemic-induced restrictions now that over 80% of the population has been fully vaccinated. In this lively book of essays, Wolfram takes the reader along on some of his most surprising and engaging intellectual adventures. PropertyGuru Merging with Bridgetown 2 in $1.35B Deal, WeWork’s SPAC Deal May be Delayed: Report, Bannix Acquisition Adds $9M in Over-Allotment Option to Close Upsized $69M IPO, First Light Acquisition Group Completes $230M IPO, ACON S2 Acquisition Sets Vote Date on ESS Merger, Atlas Crest Shareholders Approve Archer Aviation Merger, Though Nearly Half of all Shares Reemed, Renewable Energy Acquisition Files for $75M IPO, Flying Eagle Registration Now Effective for Skillz Merger Vote, Fathom Digital Manufacturing Merging with Altimar Acquisition II in $1.5B Deal, Interprivate Outlines Deal Terms With Aeva, Apex Clearing Holdings to Combine With Northern Star Investment II in $4.7B Transaction. Prior to joining Forbes, I worked for, Based in Singapore, I am a contributing editor for Forbes Asia, covering entrepreneurs, wealth and deals across Southeast Asia. “The market for property is probably the oldest market in the world, and only now is it beginning to change rapidly,” said Peter Thiel, president of Thiel Capital. Bridgetown 2, a Li-backed SPAC that raised US$299 million in an initial public offering in January, would acquire PropertyGuru, which counts private equity firms TPG … Southeast Asia online realty listing platform PropertyGuru plans to go public through a merger with Bridgetown 2, a special purpose acquisition company (SPAC) backed by Peter Thiel and Richard Li. Ltd. ("PropertyGuru" or "the Company"), Southeast Asia’s leading … That led him to explore the opportunity of launching an online real estate marketplace. Bridgetown 2 has been in talks to merge with PropertyGuru, Bloomberg News first reported in June. The special purpose acquisition company raised about US$300 million in … Bridging Southeast Asian tech companies with global markets. Forward-Looking Statements . PropertyGuru said it currently hosts over 2.8 million monthly real estate listings and serves 37 million monthly property seekers and 49,000 active property agents in Southeast Asia. Bridgetown 2 filed a Current … PO Box 122Syosset, NY 11791(516) 876-8006team@dealflow.com. Ltd. ("PropertyGuru" or "the Company"), Southeast Asia’s leading property technology ("PropTech") company1, and Bridgetown 2 Holdings Limited (NASDAQ: BTNB) ("Bridgetown 2"), a special purpose acquisition company formed by Pacific Century Group ("Pacific Century") and Thiel … As PropertyGuru spearheads that change in Southeast Asia, Bridgetown 2 will provide capital and expertise to accelerate it even further.” Richard Li, Founder and Chairman, Pacific Century Group , said, “Southeast Asia is a unique market in that it has very high economic growth but lacks quality services in many sectors. “We have 37 million property seekers using our services every single month. Found insideColonialism might seem like a thing of the past, but this book shows that the historic appropriation of land, bodies, and natural resources is mirrored today in this new era of pervasive datafication. Ms. Bhasin joins PropertyGuru’s Board as the Group prepares to become a public company listed on the NYSE following its previously announced planned business combination with Bridgetown 2 Holdings Limited (NASDAQ: BTNB) (“Bridgetown 2”), a special purpose acquisition company formed by Pacific Century Group and Thiel Capital LLC. View property photos, floor plans, local school catchments & lots more on Domain.com.au. PropertyGuru—the biggest online real estate marketplace in Southeast Asia—aims to ramp up fintech services to tap rising demand for property across the region. PropertyGuru Pte. As PropertyGuru spearheads that change in Southeast Asia, Bridgetown 2 will provide capital and expertise to accelerate it even further.” Richard Li, Founder and … Merrill Lynch, Citigroup, KKR Capital Markets and TPG Capital were the placement agents to Bridgetown 2. Bridgetown 2 (NASDAQ: BTNB) is a … Found inside"A fascinating look at the gendering of smart homes, how they came to be so, and how modern households can and should be domains of equality"-- Ltd. (“PropertyGuru” or “the Company”), Southeast Asia’s leading … TPG-Backed PropertyGuru Eyes $2 Billion Thiel SPAC Deal. “We see big opportunities in fintech,” Melhuish says. Found insideStartupland is indispensable reading for all entrepreneurs who want to make their ideas the next big thing. The book will inspire and empower you to follow your own dream and create your own story. July 27, 2021. To complete its deal with PropertyGuru, Bridgetown 2 raised an additional $100 million in a private investment in public entity (PIPE) financing, backed by … "As PropertyGuru spearheads that change in Southeast Asia, Bridgetown 2 will provide capital and expertise to accelerate it even further," he said. Bridgetown 2 Holdings (NASDAQ:BTNB) is one of two special purpose acquisition companies backed by legendary investors Peter Thiel and Richard Li. PropertyGuru is Southeast Asia’s #1 digital property marketplace with leading positions in Singapore, Vietnam, Malaysia and Thailand. The new entity will be listed publicly … A flexible approach that begins with the reality that creating amazing products, reinventing companies and recharging careers is about recognizing what makes us tick.The Entrepreneur's Faces will help you identify the ten essential ... The reports of the talks between PropertyGuru and Bridgetown first made news in June of this year, and since the initial public offering took place in January, the … (Bloomberg) -- Bridgetown 2 Holdings Ltd., the blank-check company backed by billionaires Richard Li and … Melhuish founded the company in 2007 after the condo he was renting near Singapore’s Orchard Road shopping belt was put up for sale the year before, leaving him scrambling to find a new home and poring over newspaper classified ads because there were no online property listings back then. Steve Melhuish, cofounder of PropertyGuru Group. Bridgetown 2 Holdings. PropertyGuru plans US listing through blank check merger. SINGAPORE & HONG KONG–(BUSINESS WIRE)–PropertyGuru Pte. “The … Bridgetown 2 has been in talks to merge with PropertyGuru, Bloomberg News first reported in June. The deal is expected to close in the fourth quarter of 2021 or the first quarter of 2022. Found insideOn reading this book and honing your skills through practice, you will be able to code in each of these languages, build your own website, build your own app and have the confidence to supercharge your employability. PropertyGuru Pte. Singapore and Hong Kong - July 24, 2021 - PropertyGuru Pte. PropertyGuru is Southeast Asia’s biggest property technology company and the first acquisition by one of Li’s three US-listed blank-cheque companies. PropertyGuru and Bridgetown 2 have posted an investor presentation to their respective websites, which can be accessed here and here. PropertyGuru is Southeast Asia's largest digital property marketplace, a position similar to that held by Zillow in the U.S. That's a nice position to be in: The … As so much technology is forgotten once it is superseded, this is a celebration of machines, industrial design and techno-utopianism of an era in the not-so-distant past. 2017259685 The acquisition will be funded through a combination of Altimar's cash in trust and an $80 million fully committed common stock PIPE. PropertyGuru has also recently announced plans for a merger with Bridgetown 2 Holdings Ltd., a Nasdaq-traded special purpose acquisition corporation, that would value the company at $1.8 billion. The fintech service is starting to gain traction in Singapore, its biggest market. 12 min; Bridgetown 2 Holdings made available Investor Presentation. SINGAPORE & HONG KONG–(BUSINESS WIRE)–PropertyGuru Pte. Skadden is advising Bridgetown 2 Holdings Limited — a special purpose acquisition company — on its $1.8 business combination with PropertyGuru Group Limited. Found insideHis candid advice makes Startup Myths and Models an ideal guide for those readers just embarking on the startup life and those looking for their next adventure. Southeast Asian online realty company PropertyGuru on Friday (Jul 23) agreed to go public through a merger with a blank-check firm backed by billionaires Richard Li … In recent years, I have also ventured into PR with stints as Associate Director at Singtel and as Chief Storyteller at boutique media consultancy FDM Media. The special purpose acquisition company raised about US$300 million in a US initial public offering in January and its shares were trading close to … They are looking to buy property and require financing and finance-related services.”. 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