Bridgetown Holdings Limited
We intend to focus our search on a target with operations or prospective operations in the technology, financial services, or media sectors, which we refer to as the “new economy sectors”, in Southeast Asia.
Note: Peter Thiel, a co-founder of PayPal and the founder of Thiel Capital, is a backer of this newly organized blank check company or SPAC (special-purpose acquisition company).
From the prospectus: We believe that Southeast Asia is entering a new era of economic growth, particularly in the new economy sectors, which we expect will result in attractive initial business combination opportunities for attractive risk-adjusted returns. (The Association of Southeast Asian Nations, or ASEAN, includes Indonesia, Thailand, Singapore, Vietnam, the Philippines, Malaysia, Brunei Darussalam, Myanmar, Cambodia and Laos. With a population of 649 million and a nominal GDP of approximately $3 trillion in 2018, ASEAN is fast becoming a major regional economic force and a driver of global growth.)
Our sponsor is Bridgetown LLC, which has been formed as a collaboration between Pacific Century and Thiel Capital.
Note: Affiliates of our sponsor, including FWD, a pan-Asian life insurance company, have indicated an interest in buying up to $200 million of units in this offering.
**The size of this IPO was increased to 55 million units, up from 50 million, in an SEC filing dated Oct. 13, 2020.
|Address||3 Garden Road, Central Hong Kong|
|Phone Number||+852 2514 8888|
|View Prospectus:||Bridgetown Holdings Limited|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$550.0 mil|
|Manager / Joint Managers||UBS Investment Bank/ BTIG|
|Expected To Trade:||10/16/2020|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|