1. Startup

Traveloka Drops Strong Signal to Go Public on The New York Stock Exchange

SPAC becomes an option given the efficient process

Traveloka's plan to go public on the stock exchange is getting obvious. In an interview with Bloomberg, Traveloka's Co-Founder & CEO Ferry Unardi said, after going through his most difficult period at the beginning of the Covid-19 pandemic, this year is the right time for companies to go public. He believes that the company's current state is great and the market is quite welcoming.

He said Traveloka's business model has a clear profit path. Currently, its main business (travel and accommodation) is claimed to be profitable, while continuing to explore other business models, such as fintech. One of Traveloka's focuses is providing paylater services.

He also implied that the company has been prepared to go public this year. Ferry has mentioned that Traveloka is to go public on the New York Stock Exchange (NYSE), then the local stock exchange.

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