Peter Thiel-backed second SE Asia-focused SPAC eyes $200m in US IPO

Peter Thiel-backed second SE Asia-focused SPAC eyes $200m in US IPO

Peter Thiel, co-founder of PayPal Inc., answers a question during a news conference at the National Press Club in Washington, D.C., U.S., on Monday, Oct. 31, 2016. Photographer: Andrew Harrer/Bloomberg

Billionaires Peter Thiel and Richard Li have once again teamed up to launch a second blank cheque company that is now seeking to raise $200 million in an initial public offering (IPO) in the US.

Bridgetown 2 Holdings, the special purpose acquisition company (SPAC) formed by Thiel’s Thiel Capital and Li’s Pacific Century, targets new economy technology, financial services, and media companies in Southeast Asia.

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