Bridgetown 2 Holdings Limited (BTNB) to Combine with PropertyGuru in $1.35Bn Deal

Bridgetown 2 Holdings Limited (BTNB) to Combine with PropertyGuru in $1.35Bn Deal

Bridgetown 2 (NASDAQ:BTNB) has entered into a definitive agreement to combine with Asian proptech firm PropertyGuru at an enterprise value of $1.35 billion, or 17.8x its 2021E revenue. Kuala Lumpur-based PropertyGuru runs a series of rental and homebuying marketplaces throughout Southeast Asia, hosting more than 2.8 million real estate listings. The combined company is expected
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