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Expedia, Inc. (NASDAQ:EXPE), JD.com (NASDAQ:JD) – Indonesian Online Travel Startup Contemplates US Listing Via SPAC: Bloomberg

  • Indonesian online travel startup Traveloka CEO Ferry Unardi is looking forward to getting listed on the U.S. bourse using a special purpose acquisition company (SPAC) to raise funds, Bloomberg reports.
  • Unardi intends to get listed in the Indonesian bourse in the future.
  • Indonesian ride-hailing and e-commerce platforms Gojek and PT Tokopedia are settling their merger terms before listing the combined entity in Jakarta and the United States. Indonesia supports dual listing for unicorn IPOs.
  • Investors including Expedia Group Inc. (NASDAQ: EXPE), Rocket Internet SE, Singapore’s sovereign wealth fund GIC Pte, and JD.com Inc (NASDAQ: JD) drove Traveloka’s valuation…

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