Skip to content
Subscriber Only

Hong Kong Tycoon Richard Li Considers Third Bridgetown SPAC

  • Li mulls new SPAC without Peter Thiel, partner on past deals
  • Considerations are at early stage; No final decisions on size
 Richard Li
Richard LiPhotographer: Paul Yeung/Bloomberg

Hong Kong billionaire Richard Li is considering setting up a third special purpose acquisition company in the U.S., according to people with knowledge of the matter.

Li and tech mogul Peter Thiel have raised about $900 million via two U.S.-listed SPACs under the Bridgetown brand. Thiel will not be involved in the third deal, the people said, asking not to be identified because the information is private. The new SPAC could raise a few hundred million dollars, one of the people said.