in

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…

Read further.

Nakheel Malls launches ‘Souk Al Marfa’ in partnership with DP World

Amadeus IT Group, Travelport Worldwide, Sabre Corporation, INFINI Travel Information, Sirena-Travel CJSC etc. – NeighborWebSJ