If you snoozed the year (lucky you) and just tuned in to December, you’d get a hint at what 2021 has in store for Southeast Asia.
Consider this. E-commerce firm Tokopedia and travel booking service Traveloka, two of Indonesia’s billion-dollar startups, both confirmed they planned to go public. One option both are seriously considering is a special purpose acquisition company (SPAC), an emerging trend that sees a listed shell company take another business public via acquisition.
Ride-hailing companies Gojek and Grab, valued at US$10 billion and US$15 billion respectively, resumed their merger talks with fresh gusto.
