Traveloka CEO plans US listing via SPAC in 2021

JAKARTA: Traveloka, South-East Asia’s biggest online travel startup, is planning to list in the US this year to raise funds using a special purpose acquisition company, known as SPAC, according to chief executive offer Ferry Unardi.

“SPAC is very efficient in terms of timing and for a growing company like us, ” Unardi told Haslinda Amin and Rishaad Salamat in an interview with Bloomberg Television yesterday. The company may consider an Indonesian listing at a later stage, he said.

Traveloka is said to hire JPMorgan Chase & Co for public listing in the US. A listing could see it take advantage of a boom in the IPO market, which has been boosted by…

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