Southeast Asian startups shouldn't have to go to the U.S. for capital. Here's how to help them raise money closer to home [Fortune]
PropertyGuru Group Limited Ordinary Shares (PGRU)
Company Research
Source: Fortune
Fast forward to early 2024. The company's shares had lost about 60% of their value at one point, prompting a buyout by private equity firm EQT at a valuation of $1.1 billion—below the $1.6 billion valuation when the startup listed just two years ago. PropertyGuru exemplifies the formidable challenges that Southeast Asia's unicorns face when they step into the global financial markets. International investors don't always appreciate local success, but Southeast Asian companies lack viable alternatives closer to home. As global markets turn increasingly inward, emerging markets like Southeast Asia risk being left behind in the funding race. Southeast Asia's innovation ecosystem could stagnate if it can't get sufficient liquidity flowing into the region. The U.S.'s deep pools of capital are attractive to Southeast Asian companies hoping to go public. But the truth is that many U.S.-listed Southeast Asian companies struggle to gain traction post-IPO. Southeast Asian companies on
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News
- AI Innovation Asia 2024 to share how businesses can harness technology's biggest leap since the internet [Yahoo! Finance]Yahoo! Finance
- EQT AB (publ) Q3 Announcement 2024 [Yahoo! Finance]Yahoo! Finance
- PropertyGuru Announces Shareholders' Approval of Merger Agreement [Yahoo! Finance]Yahoo! Finance
- PropertyGuru Announces Shareholders’ Approval of Merger AgreementBusiness Wire
- PropertyGuru Reports Second Quarter 2024 ResultsBusiness Wire
PGRU
Sec Filings
- 11/12/24 - Form SC
- 11/5/24 - Form SC
- 10/9/24 - Form 6-K
- PGRU's page on the SEC website