U.S. markets open in 2 hours 43 minutes
  • S&P Futures

    4,043.25
    -15.50 (-0.38%)
     
  • Dow Futures

    33,317.00
    -191.00 (-0.57%)
     
  • Nasdaq Futures

    12,958.25
    -40.25 (-0.31%)
     
  • Russell 2000 Futures

    2,121.80
    -9.70 (-0.46%)
     
  • Crude Oil

    64.20
    -1.88 (-2.85%)
     
  • Gold

    1,812.60
    -10.20 (-0.56%)
     
  • Silver

    26.91
    -0.33 (-1.23%)
     
  • EUR/USD

    1.2069
    -0.0007 (-0.06%)
     
  • 10-Yr Bond

    1.6950
    0.0000 (0.00%)
     
  • Vix

    27.55
    +5.71 (+26.14%)
     
  • GBP/USD

    1.4015
    -0.0042 (-0.30%)
     
  • USD/JPY

    109.6370
    -0.0230 (-0.02%)
     
  • BTC-USD

    49,486.54
    -6,687.22 (-11.90%)
     
  • CMC Crypto 200

    1,329.88
    -233.95 (-14.96%)
     
  • FTSE 100

    6,859.16
    -145.47 (-2.08%)
     
  • Nikkei 225

    27,448.01
    -699.50 (-2.49%)
     

Gojek, Tokopedia Seek Shareholder Approval After Finalizing Merger Terms: Bloomberg

Anusuya Lahiri
·1 min read
  • Indonesian ride-hailing company Gojek and e-commerce company Tokopedia finalized their merger terms and sought investor approval for a possible deal completion by summer, Bloomberg reports.

  • The companies had discussed multiple scenarios to list the combined entity in Jakarta and the U.S. at a possible $40 billion valuation. Interestingly, Indonesia supports dual listing for unicorn IPOs.

  • The Indonesian companies have common backers, including Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, Temasek Holdings Pte, and Sequoia Capital India. Tokopedia is also sponsored by Alibaba Group Holding Ltd (NYSE: BABA), which has its e-commerce unit in Lazada.

  • Gojek’s merger deal with SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)-sponsored Indonesian ride-hailing company Grab Holdings did not materialize over regulatory concerns.

  • Grab is set for a U.S. listing via Altimeter Capital’s SPAC Altimeter Growth Corp (NASDAQ: AGC), with a $40 billion valuation.

  • Indonesia’s Traveloka is eyeing a B U.S. listing via SPAC merger with Bridgetown Holdings (Nasdaq: BTWN).

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.