Who is owner of property guru Singapore?

Steve Melhuish
After nine years heading up PropertyGuru Group, co-founder and CEO Steve Melhuish has decided to hand over the day-to-day operations to Hari V. Krishnan, who will be promoted to CEO. He joined PropertyGuru in January this year as President and Chief Business Officer (CBO).

Is PropertyGuru a Singapore company?

PropertyGuru Group is a Singapore firm founded in 2006 by two successful entrepreneurs. The company is best known for running www.PropertyGuru.com.sg, Singapore’s leading property site (sources: Hitwise, Alexa and Google).

Is PropertyGuru public?

Southeast Asian property listings platform PropertyGuru made its public market debut on Friday on the New York Stock Exchange (NYSE) through a successful SPAC merger with Bridgetown 2 Holdings. PropertyGuru, which began trading on the NYSE under the ticker PGRU, opened at $8.61 and closed at the end of trade at $8.46.

Who is the founder of PropertyGuru?

Steve Melhuish, Vice Chairman & Co-founder | PropertyGuru Group.

Is PropertyGuru trusted?

Founded in 2007, PropertyGuru Group is Southeast Asia’s pioneering and most trusted property technology company.

What is a SPAC in business?

Special purpose acquisition companies (SPACs) have become a preferred way for many experienced management teams and sponsors to take companies public. A SPAC raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company.

Who started PropertyGuru?

Founded by entrepreneurs Steve Melhuish and Jani Rautiainen in 2007, PropertyGuru has become a household name in the property-crazed Singapore.

Who founded PropertyGuru?

Are SPACs good investments?

SPAC investing has been less profitable for individual investors. Most SPACs underperform the stock market and eventually fall below the IPO price. Given SPAC’s poor track record, most investors should be wary of investing in them.

How do SPAC investors make money?

Once acquired, the founders will profit from their stake in the new company, usually 20% of the common stock, while the investors receive an equity interest according to their capital contribution.