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PropertyGuru (Bridgetown 2 Holdings) Priced, Nasdaq: PGRU

Second blank check company formed by Pacific Century and Thiel Capital targeting new economy sectors in Southeast Asia (completed 3/18/2022).

Industry: SPAC

First Day Return: +30.0%

Industry: SPAC

We are a blank check company incorporated on June 24, 2020. While we may pursue an acquisition or a business combination target in any business or industry, we intend to focus our search on a target with operations or prospective operations in the technology, financial services, or media sectors, which we refer to as the "new economy sectors", in Southeast Asia, although we may also explore compelling opportunities in South Asia. We believe that Southeast Asia is entering a new era of economic growth, particularly in the new economy sectors, which we expect will result in attractive initial business combination opportunities for attractive risk-adjusted returns. The Association of Southeast Asian Nations, or ASEAN, is made up of countries in Southeast Asia including Indonesia, Thailand, Singapore, Vietnam, the Philippines, Malaysia, Brunei Darussalam, Myanmar, Cambodia and Laos. With a population of 649 million and a nominal GDP of approximately $3 trillion in 2018, ASEAN is fast becoming a major regional economic force and a driver of global growth. Bridgetown 2 LLC, our sponsor, has been formed as a collaboration between Pacific Century and Thiel Capital. We may also draw upon the services of PineBridge Investments, an affiliate of Pacific Century.
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IPO Data
IPO File Date 12/31/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 26.0
Deal Size ($mm) $260
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/25/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $260
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Hong Kong, China
Founded 2020
Employees at IPO 1

PropertyGuru (Bridgetown 2 Holdings) (PGRU) Performance