PropertyGuru abandons Australia IPO
Private equity-backed Southeast Asian online real estate portal PropertyGuru has decided not to proceed with its A$380 million ($256 million) IPO in Australia, citing market uncertainty.
The move comes days after Latitude Financial, a PE-owned consumer lending business, pulled the plug on an offering that was slated to raise up to A$1.4 billion. Retail investor appetite for financial sponsor-backed...
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