President Patrick Cao told KrASIA last year that they would prioritize a local listing while considering a second, yet-undecided location. Another scenario is to list Tokopedia in Jakarta first, then merge with Gojek before a listing of the combined entity in the U.S. Yes. It’s a different version of a direct listing, but with more potential, says MDI Ventures’ Hartanto. In Dec 2020, it was reported that Tokopedia were considering going public through a SPACs-merger with Bridgetown Holdings (NASDAQ:BTWN) backed by Peter Thiel and Richard Li. The two companies are discussing a variety of scenarios with the goal of ultimately listing the combined entity in both Jakarta and the U.S., said the … Peter Thiel is the co-founder of PayPal and Palantir, while Richard Li is the son of Hong Kong tycoon Li Kar Shing. Before the merger talks, Tokopedia had discussions with Bridgetown, a SPAC backed by Li and prominent Silicon Valley investor Peter Thiel. Gojek had been in discussions with ride-hailing rival Grab Holdings Inc. about a possible merger, but those talks dragged on and ultimately collapsed. If the post above contributes to the sub in a meaningful way, please upvote this comment! We still have a long way to go to achieve our goals, but today is about starting that journey together.”, Total Group Gross Transaction Value (GTV) of over $22 billion in 2020, Total registered driver fleet of over two million as of December 2020, Over 11 million merchant partners as of December 2020, Over 100 million monthly active users (MAU), An ecosystem that encompasses 2% of Indonesia’s GDP. A SPAC launched in October by Peter Thiel and Richard Li is being linked to a merger with Indonesian e-commerce company Tokopedia. Regardless of the ratio, both companies are approaching the transaction as a merger of equals, they said. Found insideA sweeping insider account, Samsung Rising shows how a determined and fearless Asian competitor has become a force to be reckoned with. The estimated valuation of the post-merger company is between 8 and 10 billion USD. Last month Grab agreed to a U.S. listing via a special purpose acquisition company (SPAC) merger with. The consolidated valuation was around $18 billion during the merger talks. Grab has since picked banks for a potential U.S. IPO that could raise at least $2 billion, people familiar with the matter have said. One of Asia’s most prominent technology startups Indonesia’s Tokopedia is in the headlines once more as it is rumoured to have been approached by a business with links to none another than Peter Thiel and his partner Richard Li. Are you kidding me? The companies target to become an Indonesian powerhouse, including businesses from car-sharing and fintech to online shopping and delivery, Bloomberg reports. Soelistyo will also lead the payments and financial services unit, which will be rebranded as GoTo Financial. Financial journalist Rebecca A. Fannin traveled from Shanghai to Beijing and beyond to speak face-to-face with China’s hottest up-and-comers. GoTo executives claimed that the combined entity features: The deal, which has been in the works for several months, comes after Gojek spent several quarters exploring a merger with Grab. “The companies will continue to thrive and coexist as stand-alone brands within the strengthened ecosystem,” they said on Monday. I know timing can be a bit tricky on calls here. Softbank-backed Tokopedia undecided on SPAC merger, may opt for IPO. The two companies are discussing a variety of scenarios with the goal of ultimately listing the combined entity in both Jakarta and the U.S., said the people, asking not to be identified because the negotiations are private. "A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER)." There are rumors that Bridgetown SPAC (BTWN) plans to take Tokopedia public. At the same time, Tokopedia is discussing combining with Gojek — a fellow Indonesian technology startup. Is BTWN stock a buy before the Tokopedia merger? Tokopedia operates an online marketplace where businesses and individuals can set up digital shops to sell their stuff. Existing investors — including Alibaba Group, Astra International, BlackRock, Capital Group, DST, Facebook and PayPal, Google, JD.com, KKR, Northstar, Pacific Century Group, Provident, Sequoia Capital India, SoftBank Vision Fund 1, Telkomsel, Temasek, Tencent, Visa and Warburg Pincus — backed the merger, the two firms said. Can Dani trust her patched-up heart with Liam? Or has Rick transformed into the man she's always wanted? Written from various points of views, The Do Over is a story of second chances and new beginnings. SoftBank Group Corp. founder Masayoshi Son, the biggest outside shareholder in Grab, had originally encouraged Grab Chief Executive Officer Anthony Tan to work out a deal with Gojek. Indonesian e-commerce platform Tokopedia has confirmed that it is working towards an initial public offering. Was going to let my BTWN calls expire worthless but I guess Iâll roll them out. Let’s take deeper dive into the latest SPAC merger news from InvestorPlace this week.. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Tokopedia is also backed by Alibaba Group Holding Ltd., which has its own e-commerce unit in the region, Lazada. Tokopedia has been considering an IPO since 2019, without providing a specific timeline. The combined entity is “a globally unique and highly complementary ecosystem,” the two firms said as they look to better compete with heavily funded super app Grab and e-commerce platform Shopee. (Bloomberg) -- Indonesiaâs two most valuable startups, ride-hailing giant Gojek and e-commerce provider PT Tokopedia, are finalizing terms for their merger and aiming to reach an agreement as early as this month, according to people familiar with the matter. Gojek riders wait for orders at a distribution center in Surabaya, Indonesia on … News. Peter Thiel is the man ð¤©, New comments cannot be posted and votes cannot be cast. Found insideJames Crabtree’s The Billionaire Raj takes readers on a personal journey to meet these reclusive billionaires, fugitive tycoons, and shadowy political power brokers. Both Bloomberg and Reuters reported Tuesday that Tokopedia was in talks about potentially going public via a merger with a SPAC called Bridgetown Holdings (BTWN), which was created by the billionaire venture capitalist and Facebook (FB) board member Peter Thiel and Hong Kong tycoon Richard Li. No chance BTWN takes down Gojek + Tokopedia since the value has been stepped up to over $30 billion, "The companies have yet to decide whether theyâd opt to list in the U.S. via a traditional initial public offering or a special purpose acquisition company.". Indonesia’s homegrown tech giants Gojek and Tokopedia, who are currently engaged in merger discussions, are said to be exploring various options including setting up a holding company structure that will house the unicorns as independent entities, according to sources familiar with the matter. Tokopedia is accelerating IPO plans after SPAC merger rumor. The field of disaster robotics has lacked a comprehensive overview. This book by a leader in the field, offering a unique combination of the theoretical and the practical, fills the gap. Ride-hailing giant Gojek and marketplace Tokopedia, Indonesia’s two biggest startups, said on Monday they have combined their businesses to form GoTo Group, the largest technology group in the Southeast Asian nation, the fourth most populous country that is currently navigating to contain the economic fallout from the coronavirus pandemic. Press J to jump to the feed. Commerce Policy | Kevin Aluwi will remain as Gojek CEO. Gojek’s Andre Soelistyo and Tokopedia’s Patrick Cao will serve as the group CEO and Group President. Tokopedia dikabarkan mengkaji merger dengan perusahaan SPAC Bridgetown untuk bisa IPO di AS IPO skema SPAC yang populer di Amerika dan Eropa diprediksi ramai di Asia Tenggara dalam waktu dekat Pendiri Bridgetown disebut-sebut punya saham minoritas di Tokopedia From Kolchak: The Night Stalker to Millennium, from The Evil Touch to Buffy the Vampire Slayer and Twin Peaks, Terror Television is a detailed reference guide to three decades of frightening television programs, both memorable and obscure. GoTo Group will combine e-commerce, on-demand, and financial services from Gojek and Tokopedia. Found inside – Page iForeword by Janet Yellen Weijian Shan's Out of the Gobi is a powerful memoir and commentary that will be one of the most important books on China of our time, one with the potential to re-shape how Americans view China, and how the Chinese ... A collection of twenty-one traditional tales from the British Isles. That being said, even if Tokopedia decides to IPO I'm going to be holding. The special purpose acquisition company (SPAC) Bridgetown Holdings, which raised $550 million in an IPO in October is believed to have approached Tokopedia … Dec 15 (Reuters) - Blank-check acquisition firm Bridgetown Holdings Ltd BTWN.O is considering a merger with Indonesian e-commerce firm PT … Experts have pointed out that by dealing and negotiating with only one single investor, as opposed to embarking on a long IPO roadshow, companies merging with SPACs get a significant shortcut to a bourse listing. SINGAPORE - Indonesia's largest e-commerce platform Tokopedia said on Wednesday it was not committed to a merger with a special purpose acquisition company (SPAC) and … Found insideWas this hubris, or genius? In How to Turn Down a Billion Dollars, tech journalist Billy Gallagher takes us inside the rise of one of Silicon Valley's hottest start-ups. Found insideFletcher’s writing is superb and rises to the level of importance that this story demands and deserves. Indonesian unicorn Traveloka mulls SPAC merger to go public, following Tokopedia. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. In the meantime, Grab has since announced plans to go public in the U.S. via SPAC, and is seeking a valuation of $40 billion, which if materializes at the current terms, would be the biggest-ever deal of its kind. Alphabet Inc. -- Moody's announces completion of a periodic review of ratings of Alphabet Inc. Tesla, Apple Customers Are The Real Ones 'Losing Out,' Caught Between The Two Companies' Rivalry, Says Analyst, 7 Cybersecurity Stocks To Buy for a Big Biden Administration Push, Buy Digital Turbine Stock Ahead of Its Possible Big Rebound, Indonesia ride-hailing and payments firm, Gojek announced its merger with e-commerce player Tokopedia, to form the GoTo Group, to take on rivals like Singapore’s Grab and internet company. The friendship of Gojek and Tokopedia founders may have helped close this deal. Hi! Clay Shirky, one of the most influential and original thinkers on how technological innovation affects social change around the world, now turns his attention to the most populous country of them all. With combined reported values of … The Tokopedia IPO brings a twist to the public debut narrative in that it could go either way: a traditional IPO or a reverse merger via a SPAC. On May 17, Indonesian startups Gojek and Tokopedia officially announced a much-anticipated merger to form one of Southeast Asia’s largest tech companies. There seems to be a 50/50 that they'll go with a SPAC merger. Shares of Sea Ltd., the only major Southeast Asian internet company listed in the U.S., climbed almost 400% last year, boosted by the growing popularity of its mobile gaming and online shopping platform. Indonesian travel app Traveloka is evaluating a merger with a special purpose acquisition company (SPAC) as a possible option to go public, Reuters reported on Monday. Found insideThis book places Indonesia at the forefront of the global debate about the impact of 'disruptive' digital technologies. Digital technology is fast becoming the core of life, work, culture and identity. Found insideIn CONCEALED she tells the story of being caught between these two worlds: the dutiful daughter of tradition-bound parents who hungers for more self-determination than tradition allows. Tokopedia received a merger approach from blank-check acquisition firm Bridgetown Holdings Ltd, but had not decided on a deal, a source told Reuters on Tuesday. Found insideMedia Moms & Digital Dads offers parents reassuring and fact-based guidance on how best to manage screens and media for their children. The consolidated valuation was around $18 billion during the merger talks. Learn more about Redditâs use of cookies. No. The Tokopedia merger could still be on the table, but nothing has been set in stone. Being a successful employee and a successful entrepreneur require two different toolkits. This book helps people acquire the tools they need to successfully make the move. This book assesses the potential of microwave technology for industrial applications, reviews the latest equipment and processing methods, and identifies both the gaps in understanding of microwave processing technology and the promising ... Sea has a market valuation of US$112 billion and Grab announced last month a US$40 billion special purpose acquisition company (SPAC) merger to go public on the Nasdaq. These are going to be great targets. The company has appointed Morgan Stanley and Citi as advisors for the IPO process. Gojek drivers will deliver even more Tokopedia packages, merchant partners of all sizes will benefit from strengthened business solutions and we will use our combined scale to increase financial inclusion in an emerging region with untapped growth potential. Gojek and Tokopedia were set to own 58% and 42% of the consolidated entity, respectively. Despite the IPO, Bridgetown hasn't acquired a company yet, which is necessary to finalize the SPAC deal. The company made plans to acquire Indonesian e-commerce giant Tokopedia, but the acquisition hasn't gone through. SPAC companies have two years to merge before their time runs out and investors receive their initial $10 per share back. At the same time, Tokopedia is discussing combining with Gojek — … Disclaimer | This book focuses on the phenomenon of transcendent parenting, where parents actively use technology to go beyond traditional, physical practices of parenting. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Probably will buy the dip, assuming this means no chance? Softbank-backed Tokopedia undecided on SPAC merger, may opt for IPO Back to video Tokopedia received a merger approach from blank-check acquisition firm Bridgetown Holdings Ltd, but had not decided on a deal, a source told Reuters on Tuesday. Earlier this month, there were reports that Tokopedia received a merger offer from a special purpose acquisition company (SPAC) called Bridgetown. The Grandmaster “is not the usual chronicle of a world-championship chess match….Butler offers insight into what it takes to become the best chess player on the planet. Your vote determines the fate of this post! For the first time, this new edition introduces the reader to the emergence of ‘other Games’ associated with the IOC – the Winter Olympics, the Paralympics, and the Youth Olympics. I hope so. GoTo will be preparing for a dual listing — in New York and Jakarta — later this year, executives said. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment! For Aldi Adrian Hartanto, vice president of investments with MDI Ventures, a merger would offer certain benefits for companies seeking to go public. For the consumer, GoTo Group will continue to reduce frictions and provide best in class delivery of goods and services. Merging with a SPAC has become an increasingly popular method for closely held businesses to raise capital for growth. Representatives of Gojek and Tokopedia declined to comment. But Son has since shifted his support to a Gojek-Tokopedia alliance. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Gojek, a CNBC Disruptor 50 company, and e-commerce player Tokopedia recently announced a merger to create the GoTo Group. Do you think that Tokopedia will IPO through a SPAC(Special Purpose Acquisition Companies)? The combined transactions from both companies were over 1.8 billion in 2020, with the total gross transaction value over $22 billion. Kevin Aluwi will continue as CEO of Gojek and William Tanuwijaya will remain CEO of Tokopedia, the two firms said in a joint announcement. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Found insideHe examines faith’s many meanings, he describes how to accept it, live it, how to doubt and find faith again. This is a serious and moving reflection from one of America’s most admired and respected citizens. 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