Indonesia’s travel unicorn Traveloka eyes dual listing, bets on fintech

Traveloka Group Operations president Henry Hendrawan speaks at the Asia PE-VC Summit 2019 in Singapore. Photo: DealStreetAsia

Traveloka, Southeast Asia’s largest online travel startup, is looking to financial services to boost profits and could opt for a dual listing in Indonesia and another centre if the group launches an initial public offering (IPO), its president said.

The seven-year-old startup joins other prominent local unicorns such as ride-hailing firm Gojek and e-commerce firm Tokopedia in considering dual listings to stay closer to their home market while also seeking a diverse investor pool.

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