BTWN Stock is at an attractive entry point || SPAC investing framework

Описание: Bridgetown Holdings (NASDAQ:BTWN Stock) is a blank-check company that is actively looking to acquire other companies that it believes have tremendous business potential. The SPAC is backed by billionaire promoters Richard Li and Peter Thiel. Richard Li is the founder of the Pacific Century Group, a private investment group. His net worth in 2020 was estimated at $4.5 billion. Peter Thiel founded PayPal, has been an early investor in Facebook, and also founded Palantir, a big data analytics tool. His current net worth is estimated at $6.5 billion.

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BTWN’s goal is to acquire companies in Southeast Asia. Richard Li brings powerful connections and business acumen in that market. Peter Thiel has a knack and vision of finding disruptors well before anyone else. We are essentially betting on the jockeys to see us through. BTWN has until October 2022 to complete the deal.

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Rumours surfaced in December 2020 that Tokopedia, the e-commerce giant of Indonesia could be the merger target. However there was no official confirmation of that. Gojek the ride hailing giant and Tokopedia are looking for a potential merger and listing on the Hong Kong and NYSE. So Tokopedia is likely not the target.

Again recently, the travel company Traveloka was stated as the target by Bloomberg. Online travel is a booming industry and reopening play after Covid restrictions. Traveloka is currently valued at $4.5 billion and backed by Singapore state wealth fund GIC, JD.com and Expedia. They are looking to expand into fintech. The company is planning to offer credit cards to customers. Sources estimate that it will be a $1 billion business. Traveloka is also going the Airbnb route of providing travel and lifestyle experiences.

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