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SE Asian travel app Traveloka weighs public listing including SPAC option

Jakarta-based Traveloka is among a handful of Southeast Asian companies that are targets of SPACs, bankers said.

  • SPACs are shell companies that use proceeds from going public to buy another company, not yet identified at the time of listing.
  • Bankers have also said Jakarta-based Traveloka is among a handful of Southeast Asian companies that have been approached or are targets of SPACs.
  • A source with knowledge of the matter said Traveloka is still deciding between an IPO or a SPAC and eying a valuation of $5-6 billion.

DEALSTREETASIA.COM24 Dec, 2020

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