News analysis

PropertyGuru's Australia listing raises questions on SGX's appeal

Move fuels talk that high-profile IPOs are slowing here, but analysts note ASX's tech edge

The Singapore Exchange Centre in Shenton Way. PHOTO: ST FILE
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Yet another home-grown household name has opted to list overseas.

Singapore-based real estate portal PropertyGuru announced on Monday that it intends to list in Australia, presumably to seek higher valuations there.

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A version of this article appeared in the print edition of The Straits Times on October 09, 2019, with the headline PropertyGuru's Australia listing raises questions on SGX's appeal. Subscribe