Before she ran property deals, Race Wong stood on stage. From 2002 to 2009 she was half of 2R, a Cantopop duo she formed with her sister Rosanne. It is not the usual start for a company that would end up on the Nasdaq, and she has spoken about it less than most founders speak about their old jobs.
She was born in Kuala Lumpur and raised in Singapore. As children, she and her sister Rhonda moved back and forth between the two countries, and the sisters say that restlessness is what drew them to property. Home was something they had to keep re-finding. Later Race studied for a Master of Business in marketing at the University of Newcastle in Australia, finishing in 2013. In 2011 she was a marketing manager at Maybank Kim Eng in Hong Kong and licensed to deal in equities. She told one interviewer that she wanted to put her energy into something that gave people more value.
It sold about 3.6 million shares at US$4, raising roughly US$11 million.
In 2016, with Rhonda as CEO and Race as COO, she started Ohmyhome. The pitch was plain. Buying or selling a flat in Singapore is the biggest money decision most families make, and agents take a hefty cut. An online platform could cut some of that cost and add mortgages, renovation and legal help on the side. By 2023 the company said it had supported 11,000 transactions.
Then came the unusual choice. In March 2023, in a slow market for new listings, Ohmyhome became the first Singaporean company to list in the US that year. It sold about 3.6 million shares at US$4, raising roughly US$11 million. The sisters said they needed capital and picked a public listing over a private round, partly for the brand recognition it would bring with developers and customers.
What the sisters could not control was the scrutiny that followed. The prospectus disclosed that a transaction with a family member made up much of 2022 revenue, and it carried auditors' substantial doubt about the company's ability to continue. Without that transaction, first-half 2022 revenue growth was 2%, not the 45.8% quoted elsewhere. After listing, the shares fell far below the US$4 offer price. In 2025 the company consolidated its shares ten to one and sold its main operating subsidiary for a single US dollar, after waiving about S$19 million owed to it, to concentrate on digital marketing.
Race said of her sister, 'It never crossed our minds not to work together.' That loyalty built the company and carried it into a harsh public market. The lesson for founders is plain. Going public gives you a brand and a bigger audience, but it also puts every related-party line in your accounts under a lamp.