PropertGuru, the leading online property marketplace of Singapore advanced to the New York Stock Exchange last Friday( March 18 ). The online platform made this huge step after its successful fusion with Special Purpose Acquisition Company( SPAC ).
Hari Krishnan, the chief executive officer of PropertyGuru along with other founders and crew members, made their debut in New York. The opening ceremony was broadcasted to the employees and investors back in Singapore and the crowd cheered as a vast celebration took place.
According to the chief executive, it has taken PropertyGuru 15 years to accomplish its achievement and it still has a long way ahead. PropertyGuru now has a proprietorship value of $1.61 billion and according to the epistle of the venture with SPAC, PropertyGuru gained $254 million.
This is not the company’s first attempt to go public and reach the global market. PropertyGuru was seen trying to enter the US stock market back in 2019 but the unstable condition of the market made the attempt unsuccessful. Now PropertyGuru claims to be in a better place in both magnitude and value and is ready to make it big in the stock market.
Since its debut back in 2007 ProperGuru has expanded its range to other notable southeast Asain countries like Indonesia and Malaysia. The company plans to continue to expand itself and make bigger investments in tech. PropertyGuru seems to be entering a period of booming success.
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