""SPAC Stock"" – Google News
Founded in 2007, PropertyGuru offers online real estate marketplaces to match renters and buyers with landlords and sellers, as well as digital marketing for real estate agents and developers. The company hosts over 2.8 million real estate listings monthly. PropertyGuru serves nearly 37 million property seekers and 49,000 active real estate agents in Malaysia, Singapore, Indonesia, Thailand and Vietnam every month. The company estimates its total long-term addressable market size to be $ 8.1 billion.
PropertyGuru expects sales of $ 75.7 million in 2021 and forecasts sales growth of 44 percent in 2022. In 2025, the company expects revenue and Adjusted EBITDA of $ 222.6 million and $ 73.1 million, respectively. PropertyGuru also predicts that its Adjusted EBITDA margin will increase from 5 percent in 2020 to 33 percent by 2025. The company’s existing shareholders, which include KKR, TPG Capital and the REA Group, will retain over 70 percent of the combined company.