11:42 AM EST, 12/13/2024 (MT Newswires) -- PropertyGuru ( PGRU ) was acquired by a fund managed by EQT Private Capital Asia for $6.70 per share in cash in a deal that values the company at an equity value of about $1.1 billion, the companies said Friday.

The online property marketplace was acquired by BPEA Private Equity Fund VIII, according to the press release.

PropertyGuru's ( PGRU ) shares stopped trading before the market open on Friday and it has been delisted from the New York Stock Exchange, the company said. It will now operate as a privately held firm.

Price: 6.70, Change: +0.04, Percent Change: +0.60