Post Number: 2980
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|Posted on Friday, December 25, 2020 - 5:40 pm: ||
Bridgetown raised $550 million from the initial public offering in October and is listed in Nasdaq. The company said in its prospectus that it focuses on prospective sectors such as technology, financial services, and media in Southeast Asia.
One of Bridgetown's backers, Li, was already a minority investor in Tokopedia through his investment company, Pacific Century Group. Daniel Wong, Bridgetown's chief executive officer, is a senior vice president in Li's Pacific Century Group and has been a member of Tokopedia's board of commissioners since 2017. Pacific Century previously led series D funding to Tokopedia.
Previously, Tokopedia CEO William Tanuwijaya said that his party always strives to build a good management team and sticks to its mission, which is to bring digital economic equity, which has led to the company's success in attracting global investors.
Last November, Tokopedia raised $350 million from investment by tech giant Google and Singapore wealth fund Temasek Holdings, according to a report from Bloomberg. Japanese investment giant Softbank Vision Fund and Jack Ma's Alibaba Group also took part in a $1.1 billion funding round in 2018.