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).