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.
