01 Jun '18, 3am

Top Singapore property broker PropNex preparing to launch IPO:

PropNex Realty Pte , Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed Singapore initial public offering, people with knowledge of the matter said. The company is targeting a market capitalization of as much as S$250 million, the people said, asking not to be identified as the deliberations are private. PropNex is considering launching the offering as soon as next week and aims to list as early as the end of June, according to one of the people. PropNex is considering marketing the IPO shares at 62-68 Singapore cents apiece, the person said. Details of the offering could still change, the people said. The company, which has nearly 7,000 agents, became Singapore’s biggest property broker by salesforce last year after a merger with Dennis Wee Group. PropNex is seeking to repeat the success of smaller rival APAC Realty Ltd. ’s...

Full article: https://www.bloomberg.com/news/articles/2018-06-01/singap...

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PropNex Realty Pte , Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed S...

Singapore's top property broker is preparing to...

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PropNex Realty Pte , Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed S...

Singapore's top property broker is preparing to...

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PropNex Realty Pte , Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed S...

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PropNex Realty Pte , Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed S...

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PropNex Realty Pte , Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed S...

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Andrea Tan | DealStreetAsia – IPO PropNex Realty Pte , Singapore’s biggest property broker, plans to seek about S$40 milli...

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PropNex Realty Pte , Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed S...

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