Bridgetown SPAC, Backed by Peter Thiel, Files to Go Public
- Bridgetown also backed by Richard Li’s Pacific Century
- SPAC aims to raise $575 million, according to filing
Peter Thiel
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Billionaires Peter Thiel and Richard Li have created a SPAC targeting “new economy” technology, financial services and media companies in Southeast Asia.
In a Wednesday filing with the U.S. Securities and Exchange Commission, Bridgetown Holdings Ltd. described itself as “a blank check company” created to recombine businesses through purchases, reorganizations and other means. It is seeking to raise $575 million.