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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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PropertyGuru (Bridgetown 2 Holdings) (PGRU) Performance