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PropertyGuru to go public in merger with Richard Li-backed SPAC

ASEAN-focused company will be listed in New York once deal is finalized

The combined company will be listed on the New York Stock Exchange once the deal is finalised, PropertyGuru said in a statement.   © Reuters

Southeast Asian online realty company PropertyGuru has agreed to go public through a merger with a blank-check firm backed by billionaires Richard Li and Peter Thiel, giving the combined company an equity value of about $1.78 billion.

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