Lots of merger and IPO activity is heating up in Southeast Asia: The eye-popping $40B Grab SPAC listing, the Gojek/ Tokopedia super-app tie-up, and Traveloka eyeing public markets in the U.S.
“Expectations for digital commerce in Southeast Asia are huge. The oft-quoted Temasek/ Google/ Bain & Company study estimates that the market will be worth $240 billion by 2025, $100 billion of which will come from Indonesia alone.”
