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PropertyGuru to Debut on NYSE as Investors Approve SPAC Deal

  • Singapore company listing at challenging time for SPACs
  • Real estate marketplace plans expansion through acquisitions
Hari Krishnan

Hari Krishnan

Photographer: Nicky Loh/Bloomberg
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Shareholders approved the merger of PropertyGuru Pte. and blank-check company Bridgetown 2 Holdings Ltd., paving the way for the online real estate marketplace to start trading in New York even as investor interest toward such deals wanes.

The proposal passed Tuesday at a special shareholder meeting of Bridgetown 2, the special purpose acquisition company backed by billionaires Richard Li and Peter Thiel. The combined entity will start trading March 18 on the New York Stock Exchange under the ticker PGRU, the company said in a regulatory filing.