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CEO of Singapore’s PropertyGuru Vows a Comeback After IPO Flop

  • Online real estate firm may try another IPO as early as 2020
  • Krishnan defends previous IPO valuation of $932 million
Hari Krishnan
Hari KrishnanPhotographer: Nicky Loh/Bloomberg

In late October, PropertyGuru Ltd.’s board huddled with investment bankers from Credit Suisse Group AG, UBS Group AG and others to discuss the Singapore startup’s impending initial public offering.

Talks with potential investors had coincided with a slump in Australian tech stocks; people were starting to question its targeted valuation of A$1.36 billion ($932 million).