KKR - SPAC Bridgetown 2 gains on report on talks for deal with Singapore's PropertyGuru

anyaberkut/iStock via Getty Images SPAC Bridgetown 2 Holdings (BTNB) rose 1.3% after a report that the company is in advanced negotiations to take Singapore online real estate firm PropertyGuru Pte public. A deal could value the combined firm at as much as $2B and may be announced this month, according to an earlier Bloomberg report. Bridgetown is backed by billionaires Peter Thiel and Richard Li. Bloomberg in March reported that PropertyGuru, which is backed by KKR (KKR) and TPG Capital, was considering a U.S. listing through a merger with a SPAC and has held preliminary talks. PropertyGuru in September said it  received an additional investment of about $220M in recent funding rounds by leading global investment firms TPG and KKR. In April, Bloomberg reported Indonesia's Traveloka was said to be in advanced discussions to go public through merging with SPAC Bridgetown Holdings Ltd (BTWN).

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SPAC Bridgetown 2 gains on report on talks for deal with Singapore's PropertyGuru