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A SPAC launched in October by Peter Thiel and Richard Li is being linked to a merger with Indonesian e-commerce company Tokopedia.
About the SPAC: Billionaires Thiel and Li launched
Bridgetown Holdings (NASDAQ:BTWN) to target the southeast Asia region.
Thiel is well-known as the co-founder of Palantir Technologies (NYSE: PLTR) and as one of the early investors in
Facebook Inc (NASDAQ: FB). Li is an Asian tycoon with investments in insurance and banking throughout Vietnam, Indonesia and Singapore.
The SPAC is targeting a company in the technology, financial services or media markets. The SPAC raised $550 million in its offering.