For Singapore-based property classified business PropertyGuru, 2019 was annus horribilis, as it had to call off its listing plans just two days before its shares were set to trade on the Australian Securities Exchange (ASX). (We’d written about this missed IPO missed IPO The Ken Almost-unicorn PropertyGuru’s missed IPO exit Read more then.)

Then came the pandemic. The company’s revenue in 2020 fell to S$82.1 million (US$61.2 million) from S$88.4 million (US$66 million).

AUTHOR

Ka Kay Lum

Based in Kuala Lumpur, Ka Kay covers investment activities, aka following the money, across Southeast Asia and in-depth stories on the often-overlooked Malaysian startup ecosystem. She was previously a regional writer for Nikkei-owned DealStreetAsia.

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