JAKARTA: Indonesia’s Traveloka is in advanced talks to go public through merging with Bridgetown Holdings Ltd, a blank-cheque firm backed by billionaires Richard Li and Peter Thiel, according to people familiar with the matter.
A deal could value South-East Asia’s online travel leader at about US$5bil (RM20.69bil), said the people who asked not to be identified because the matter is private. The potential transaction could also involve raising between US$500mil and US$750mil through a private investment in public equity, or PIPE.