A frenzy of SPAC mergers took place in 2020. In the coming year, blank check companies may give Southeast Asian tech companies a route to new investors.
Tokopedia is accelerating IPO plans after SPAC merger rumor
Indonesian e-commerce platform Tokopedia has confirmed that it is working towards an initial public offering.
Thiel-Backed Bridgetown SPAC Weighs Up to $10 Billion Tokopedia Deal
Bridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel, is considering a potential merger with Indonesia’s e-commerce giant PT Tokopedia, according to people with knowledge of the matter.
S-1 – Bridgetown Holdings Ltd
Filed: 2020-09-23 AccNo: 0001213900-20-028092 Source: SEC S-1 Filings – S-1 – Bridgetown Holdings Ltd (0001815086) (Filer)
Peter Thiel joins the SPAC boom
Peter Thiel is involved in a new SPAC that on Wednesday filed for a $575 million IPO, becoming the latest Silicon Valley tech investor to ride Wall Street’s hottest wave.