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Bridgetown Holdings Priced, Nasdaq: BTWNU

Blank check company formed by Pacific Century and Thiel Capital targeting "new economy" sectors in Southeast Asia.

Industry: SPAC

Latest Trade: $10.23 0.00 (0.0%)

First Day Return: +0.4%

Return from IPO: +2.3%

Industry: SPAC

We are a blank check company incorporated on May 27, 2020 as a Cayman Islands exempted company. While we may pursue an acquisition or a business combination target in any business or industry, 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. 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, is made up of countries in Southeast Asia including 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. ASEAN remains one of the fastest growing regions in the world with economic growth continuing to average 5.4% per annum, and is estimated by ASEAN to become the fourth-largest economy in the world by 2030 after the United States, China, and the European Union.We believe this growth in these new economy sectors will be driven by private sector expansion, technological innovation, a growing young and middle class population, increasing consumption, structural economic and policy reforms and demographic changes in the region.
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IPO News for Bridgetown Holdings
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IPO Data
IPO File Date 09/23/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 55.0
Deal Size ($mm) $550
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/15/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 55.0
Deal Size ($mm) $550
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Hong Kong, China
Founded 2020
Employees 2