Deals
Singapore's Top Property Broker Is Preparing to Launch IPO
- PropNex targets market capitalization of up to S$250 million
- Company considers launching share sale as soon as next week
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PropNex Realty Pte, Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed Singapore initial public offering, people with knowledge of the matter said.
The company is targeting a market capitalization of as much as S$250 million, the people said, asking not to be identified as the deliberations are private. PropNex is considering launching the offering as soon as next week and aims to list as early as the end of June, according to one of the people.