JAKARTA – This year, Traveloka is reportedly ready to take the floor on the US stock exchange. The unicorn startup, which focuses on hotel and ticket booking services, will open an initial public offering (IPO) through SPACs, a special-purpose acquisition company.
Traveloka boss, Ferry Unardi, revealed that the IPO mechanism through SPACs is quite efficient. Through SPACs, companies can raise IPO funds by purchasing private companies in a country. The next thing, the company will list the shares listed on the country’s stock exchange.
“If we can do it faster, we can focus on executing and developing the company,” Ferry told Bloomberg.
Ferry also added that Traveloka has chosen JPMorgan Chase & Co, so that it can take the floor on the US stock exchange. In the future, Traveloka will also have the opportunity to take the floor on the Indonesian stock exchange.
After the initial public offering is complete, Traveloka plans to carry out mergers and acquisitions so that the company…