Replies to post #649936 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

WMIH was a SPAC. It acquired Nationstar in 2018, and renamed to Mr. Cooper Group COOP. It is no SPAC any more, nor does it have another SPAC as subsidiary. So this post does not make sense...

My Best Friends Wedding Sequel..."Choose me, Choose me! shouts a weary COOP shareholder. lol

KKR-Backed PropertyGuru Weighs U.S. Listing Via SPAC
Manuel Baigorri 59 mins ago

https://www.msn.com/en-us/money/companies/kkr-backed-propertyguru-weighs-us-listing-via-spac/ar-BB1e6Zix


(Bloomberg) -- PropertyGuru Ltd., the Singaporean online real estate firm backed by private-equity firms KKR & Co. and TPG Capital, is considering a U.S. listing through a merger with a special purpose acquisition company, according to people familiar with the matter.
a long bridge over a body of water with a city in the background: The Singapore Flyer, right, in Singapore, on Tuesday, Nov. 3, 2020. © Bloomberg The Singapore Flyer, right, in Singapore, on Tuesday, Nov. 3, 2020.

The company is working with a financial adviser on the potential deal, the people said, asking not to be identified because the deliberations are private. PropertyGuru’s management are holding preliminary talks with several SPACs and aim to strike a deal as early as this year, the people said.

A merger with a blank-check company could value the combined firm at about $1 billion, the people said.

Deliberations are at an early stage and the company could decide not to proceed with the plan, the people said. A representative for PropertyGuru declined to comment.

Founded by entrepreneurs Steve Melhuish and Jani Rautiainen in 2007, PropertyGuru has become a household name in the property-crazed city-state. The real estate marketplace also has operations in countries including Vietnam, Indonesia, Malaysia and Thailand.

The company scrapped plans for an initial public offering on the Australian stock exchange back in 2019 over valuation concerns. In September, it announced $300 million in new funding from investors including existing backers KKR and TPG. It acquired Malaysia’s MyProperty Data Sdn. in November for S$1.7 million ($1.2 million).

PropertyGuru would follow other southeast Asian startups in exploring a SPAC listing in the U.S. Those include Asian mixed martial arts firm One Championship, Bloomberg News has reported, as well as Traveloka, Southeast Asia’s biggest online travel startup.