It was a busy week for Southeast Asia’s real estate portals. Southeast Asian property listings platform PropertyGuru officially filed for an IPO on the Australian Securities Exchange (ASX) that could see it raise as much as $256 million. The proposed offering gives the startup an indicative market capitalisation of A$1.16 billion to A$1.36 billion ($782 million to $918 million). PropertyGuru is backed by TPG Capital and KKR.
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