Southeast Asia’s biggest OTA Traveloka has plans to go public soon.
It is mulling a merger with a special purpose acquisition company (SPAC) as a possible option.
"A SPAC is one of the options we are evaluating given we have been approached by a few," Traveloka President Henry Hendrawan said.
A SPAC is a blank-check firm which merges with a company for the purpose of going public.
This process is a quicker way to a public listing, is cheaper and has less strings attached
Traveloka is considering whether to pursue a conventional IPO or a SPAC and is looking for a valuation of about $6 billion.
Traveloka has previously said it would look at a dual listing in Jakarta and possibly the US.
It is targeting profitability by 2021.
Written by Ray Montgomery, Asia Editor
