Singapore’s online real estate firm PropertyGuru is nearing a deal to go public through a merger with Bridgetown 2 Holdings, the blank-check company backed by billionaires Richard Li and Peter Thiel, according to people with knowledge of the matter.
A transaction could value the combined entity at about US$1.8 billion, the people said, asking not to be identified because the matter is private. The deal will also include a private investment in public entity, or PIPE, of about US$100 million to US$150 million, anchored by institutional investors including Australia’s REA Group, the people said.
