Bridgetown 2 Holdings Limited does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Central, Hong Kong.
IPO Year: 2021
Exchange: NASDAQ
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/18/2022 | $17.00 | Buy | The Benchmark Company |
| 2/18/2022 | $17.00 | Buy | Benchmark |
Proceeds of ~US$254 million will be used to further accelerate organic growth and pursue M&A opportunities to capture the growth momentum of a recovering Southeast Asia property market driven by long-term macro tailwinds of increasing affluence, digitalization and urbanization Transaction values PropertyGuru at an enterprise value of ~US$1.36 billion and an equity value of ~US$1.61 billion PropertyGuru will ring the NYSE's opening bell on March 18 and begin trading under the ticker "PGRU" PropertyGuru Pte. Ltd. ("PropertyGuru" or "the Company"), Southeast Asia's leading1 property technology ("PropTech") company, today completed its previously announced business combination with Bridg
Bridgetown 2 Holdings Limited ("Bridgetown 2" or the "Company") (NASDAQ:BTNB) today announced that Bridgetown 2 shareholders overwhelmingly approved the previously announced business combination ("Business Combination") with PropertyGuru Pte. Ltd. ("PropertyGuru"), Southeast Asia's leading property technology company, at an extraordinary meeting of shareholders today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220315006358/en/ Shareholder redemptions were 59.3%. Complete official results of the vote and shareholder redemption will be included in a Current Report on Form 8-K to be filed by Bridgetown 2 with the Securities and
Assuming approval of Business Combination at Extraordinary General Meeting of Bridgetown 2, it is expected the Business Combination will close on or around March 17, 2022 Assuming the Business Combination is approved and the closing of the Business Combination occurs, Bridgetown 2 will voluntarily delist from Nasdaq on or around March 17, 2022 and PropertyGuru Group Limited is, subject to the approval of the NYSE, expected to begin trading on the NYSE on March 18, 2022 For assistance voting your shares, please contact Morrow Sodali LLC, Bridgetown 2's proxy solicitor, by emailing [email protected] , calling +1 (800) 662-5200 (for individuals) or +1 (203) 658-9400
Reaffirmed positive outlook for 2022 with projected revenue of S$145.1 million up 44% over 2021, and projected adjusted EBITDA margin of 8% Remains Southeast Asia's #1 digital property marketplace with leading positions in Singapore, Vietnam, Malaysia and Thailand1 Full year 2021 revenue increased by 22.7% year-on-year to S$100.7 million, reflecting ability to successfully navigate the pandemic On track to return to adjusted EBITDA positive position in 2022 Bridgetown 2 (SPAC) shareholder vote to approve business combination with PropertyGuru scheduled for March 15, 2022 PropertyGuru Group ("PropertyGuru" or "the Group"), Southeast Asia's leading1, property technology ("PropTech
Southeast Asia's #1 digital property marketplace with leading positions in Singapore, Vietnam, Malaysia and Thailand1 First half 2021 revenue increased by 17.9% to S$42.9 million compared to first half 2020, despite adverse COVID-19 impact on Southeast Asian markets Registration statement on Form F-4 filed with the U.S. Securities and Exchange Commission in connection with its previously announced business combination with Bridgetown 2 PropertyGuru Pte. Ltd. ("PropertyGuru" or "the Group"), Southeast Asia's leading property technology ("PropTech") company1, today announced the Group's financial results for the six months ended June 30, 2021. Despite its Priority Markets2 being advers
Appointment underscores REA's confidence in the Group; Mr. Wilson brings executive experience leading digital transformations in the real estate and finance industries PropertyGuru Group ("PropertyGuru" or "the Group"), Southeast Asia's leading property technology ("PropTech") company1, today announced that REA Group Ltd (ASX:REA) ("REA") Chief Executive Officer Owen Wilson has joined its Board as a Non-Independent Director. Mr. Wilson's appointment follows REA's acquisition of an 18% equity interest in PropertyGuru, which it received as part of the Group's acquisition of REA's Malaysia and Thailand entities that was completed on August 3, 2021. REA plans to further extend its strategic i
Brings Global Executive and Board Experience for Publicly listed Companies PropertyGuru Group ("PropertyGuru" or "the Group"), Southeast Asia's leading property technology ("PropTech") company1, today announced Rachna Bhasin has joined its Board as an Independent, Non-Executive Director. PropertyGuru's Board of Directors is now comprised of 50% Independent Directors demonstrating the Group's continued focus on governance. Ms. Bhasin, who has worked in the U.S., Hong Kong, Australia and New Zealand, has built her career leading global companies in the technology, music and consumer internet industries through successful digital transformations to stay ahead of emerging consumer trends. She
PropertyGuru Group ("PropertyGuru" or "the Group"), Southeast Asia's leading property technology ("PropTech") company1, today announced that it has successfully completed the acquisition of iProperty Malaysia and thinkofliving, following its initial announcement on 31 May 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210803006167/en/ PropertyGuru now owns all of the shares in REA Group Limited's (ASX:REA, "REA") entities in Malaysia and Thailand, which include iProperty.com.my and Brickz.my in Malaysia and thinkofliving.com and Prakard.com in Thailand. In exchange, REA now has an approximate 18%2 equity interest in Propert
SINGAPORE & HONG KONG--(BUSINESS WIRE)--PropertyGuru Pte. Ltd. (“PropertyGuru” or “the Company”), Southeast Asia’s leading property technology (“PropTech”) company1, and Bridgetown 2 Holdings Limited (NASDAQ: BTNB) (“Bridgetown 2”), a special purpose acquisition company formed by Pacific Century Group (“Pacific Century”) and Thiel Capital LLC (“Thiel Capital”), announced today that they have entered into a business combination agreement. Upon closing, the combined company is expected to begin trading on the New York Stock Exchange (“NYSE”). Founded in 2007, PropertyGuru has grown to become Southeast Asia’s #1 digital property marketplace with leading positions in Singapore, Vietn
PropertyGuru is Southeast Asia's #1 digital property marketplace with leading positions in Singapore, Vietnam, Malaysia and Thailand1 Transaction proceeds will be used to further accelerate organic growth and pursue M&A opportunities Transaction values PropertyGuru at an enterprise value of approximately US$1.35 billion and an equity value of approximately US$1.78 billion Transaction includes a fully committed US$100 million PIPE with participation from Baillie Gifford, Naya, REA Group, Akaris Global Partners, and one of Malaysia's largest asset managers; REA Group has also committed to an additional US$32 million investment PropertyGuru's shareholders, including KKR, TPG Capital
The Benchmark Company initiated coverage of Bridgetown 2 Holdings Limited with a rating of Buy and set a new price target of $17.00
Benchmark initiated coverage of Bridgetown 2 Holdings with a rating of Buy and set a new price target of $17.00
PropertyGuru Group ("PropertyGuru" or "the Group"), Southeast Asia's leading property technology ("PropTech") company1, today announced that it has successfully completed the acquisition of iProperty Malaysia and thinkofliving, following its initial announcement on 31 May 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210803006167/en/ PropertyGuru now owns all of the shares in REA Group Limited's (ASX:REA, "REA") entities in Malaysia and Thailand, which include iProperty.com.my and Brickz.my in Malaysia and thinkofliving.com and Prakard.com in Thailand. In exchange, REA now has an approximate 18%2 equity interest in Propert
SINGAPORE & HONG KONG--(BUSINESS WIRE)--PropertyGuru Pte. Ltd. (“PropertyGuru” or “the Company”), Southeast Asia’s leading property technology (“PropTech”) company1, and Bridgetown 2 Holdings Limited (NASDAQ: BTNB) (“Bridgetown 2”), a special purpose acquisition company formed by Pacific Century Group (“Pacific Century”) and Thiel Capital LLC (“Thiel Capital”), announced today that they have entered into a business combination agreement. Upon closing, the combined company is expected to begin trading on the New York Stock Exchange (“NYSE”). Founded in 2007, PropertyGuru has grown to become Southeast Asia’s #1 digital property marketplace with leading positions in Singapore, Vietn
PropertyGuru is Southeast Asia's #1 digital property marketplace with leading positions in Singapore, Vietnam, Malaysia and Thailand1 Transaction proceeds will be used to further accelerate organic growth and pursue M&A opportunities Transaction values PropertyGuru at an enterprise value of approximately US$1.35 billion and an equity value of approximately US$1.78 billion Transaction includes a fully committed US$100 million PIPE with participation from Baillie Gifford, Naya, REA Group, Akaris Global Partners, and one of Malaysia's largest asset managers; REA Group has also committed to an additional US$32 million investment PropertyGuru's shareholders, including KKR, TPG Capital
Appointment underscores REA's confidence in the Group; Mr. Wilson brings executive experience leading digital transformations in the real estate and finance industries PropertyGuru Group ("PropertyGuru" or "the Group"), Southeast Asia's leading property technology ("PropTech") company1, today announced that REA Group Ltd (ASX:REA) ("REA") Chief Executive Officer Owen Wilson has joined its Board as a Non-Independent Director. Mr. Wilson's appointment follows REA's acquisition of an 18% equity interest in PropertyGuru, which it received as part of the Group's acquisition of REA's Malaysia and Thailand entities that was completed on August 3, 2021. REA plans to further extend its strategic i
Brings Global Executive and Board Experience for Publicly listed Companies PropertyGuru Group ("PropertyGuru" or "the Group"), Southeast Asia's leading property technology ("PropTech") company1, today announced Rachna Bhasin has joined its Board as an Independent, Non-Executive Director. PropertyGuru's Board of Directors is now comprised of 50% Independent Directors demonstrating the Group's continued focus on governance. Ms. Bhasin, who has worked in the U.S., Hong Kong, Australia and New Zealand, has built her career leading global companies in the technology, music and consumer internet industries through successful digital transformations to stay ahead of emerging consumer trends. She
SC 13G/A - Bridgetown 2 Holdings Ltd (0001831236) (Subject)
SC 13G - Bridgetown 2 Holdings Ltd (0001831236) (Subject)
15-12B - Bridgetown 2 Holdings Ltd (0001831236) (Filer)
8-K - Bridgetown 2 Holdings Ltd (0001831236) (Filer)
25 - Bridgetown 2 Holdings Ltd (0001831236) (Filer)
8-K - Bridgetown 2 Holdings Ltd (0001831236) (Filer)
425 - Bridgetown 2 Holdings Ltd (0001831236) (Subject)
8-K - Bridgetown 2 Holdings Ltd (0001831236) (Filer)
DEFA14A - Bridgetown 2 Holdings Ltd (0001831236) (Filer)
DEFM14A - Bridgetown 2 Holdings Ltd (0001831236) (Filer)
8-K/A - Bridgetown 2 Holdings Ltd (0001831236) (Filer)
425 - Bridgetown 2 Holdings Ltd (0001831236) (Subject)