SE Asian travel app Traveloka weighs public listing including SPAC option

Traveloka, Southeast Asia’s largest online travel app, said on Monday it was looking to go public soon and was evaluating a merger with a special purpose acquisition company (SPAC) as a possible stock-market listing option.

SPACs are shell companies that use proceeds from going public to buy another company, not yet identified at the time of listing. The resulting merger with the target company, often a start-up in a high-growth sector, offers it a faster and lower cost way to market than a traditional initial public offering (IPO).

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