Indonesia's Traveloka explores options after SPAC merger plan falls through

Having shelved its plans to merge with blank-cheque company Bridgetown Holdings, Indonesian online travel unicorn Traveloka is now exploring a traditional initial public offering (IPO) in the US next year.

The company had earlier suspended merger talks with Bridgetown Holdings, a special purpose acquisition company (SPAC) backed by billionaires Richard Li and Peter Thiel, amid a broader souring of mood at Wall Street towards SPACs.

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