Latest Rumor: Traveloka to Run IPO via Saratoga's SPAC?

By Editorial Team 23/02/2021
financial analysis
Summary

PT Saratoga Investama Sedaya Tbk's (SRTG) shares skyrocketed at the close of trading on Monday (2/22). The shares rose 7.23 percent to a price level of Rp 6,300 per share.

The share increase in the company owned by billionaires Edwin Soeryadaya and Sandiaga Uno occurred amid news of Traveloka's IPO on the United States (US) stock exchange through SRTG's Special Purpose Acquisition Company (SPAC). SRTG was one of the anchor investors that bought 1 million shares in Provident Acquisition Corp (PAQU). Provident was listed on Nasdaq in January.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.