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Business 10 Dec 2020 | 7:00 AM

DoorDash hits US$38bil valuation in IPO

NEW YORK: DoorDash Inc has raised US$3.37bil in an initial public offering (IPO) above its marketed range, kicking into high gear a year-end IPO surge of consumer-oriented companies that successfully navigated the coronavirus pandemic.

Business 17 Dec 2020 | 7:00 AM

Thiel-backed Bridgetown SPAC weighs US$10bil Tokopedia deal

HONG KONG: 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 sources.