With more than 7,000 sales agents under the company, PropNex is the largest real estate agency in Singapore after a merger with the Dennis Wee Group in 2017. It is also the second real estate brokerage to list on the Singapore Exchange after APAC Realty. Here’s a quick glance into the details of PropNex’s IPO. You can also find the prospectus here. 1. PropNex Profile The company comprises 4 main business segments: (i) Real Estate Brokerage Under this segment, the company derives its revenue from commission earned from sales and rental of residential, commercial and industrial properties. PropNex has a huge market share in the Singapore real estate market under this segment. According to Frost and Sullivan, a business consulting firm, PropNex has 42.7% market share in the residential primary private market and 45.3% leading market share in the residential HDB resale market. This segment is also the single largest ......