Traveloka, Southeast 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 on Tuesday. 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 SPAC that use funds raised from their IPOs to…
