Tokopedia is Reportedly in Talks to Go Public on the New York Stock Exchange through SPAC

Indonesian based marketplace service, Tokopedia, as reported by Bloomberg, is currently exploring possible IPO on the New York Stock Exchange through Bridgetown's Special Purpose Acquisition Company (SPAC) backed by well-known Silicon Valley investor Peter Thiel (through Thiel Capital) and Hong Kong conglomerate Richard Li (through the Pacific Century Group). Bridgetown shares surged to 29% after today's market close.

As we contacted one of Tokopedia's representatives, there is no further statement regarding this matter.

Through the disclosure at the IPO on October 16, the blank check company Bridgetown aims to support Southeast Asian companies focusing on the technology, financial services, or media sectors to go public. Bridgetown secured $550 million (around Rp.7.8 trillion) in public funding from the IPO.