So far since the rumour months ago there has been no update. $Bridgetown Holdings Limited(BTWN)$may be waiting for Tokopedia and Gojek to merge before they proceed forward to merger with the combine entites.
However there seems to be one issue. Its valuation will be anywhere between $18-25B. And with only $575M in their trust, this would mean a very large PIPE investment of at least $500M but possibly much higher.
The large PIPE could affect share prices as seen with Lucid Motors merger with $Churchill Capital Corp IV(CCIV)$where prices tanked from $60+ to $20+ after the deal was announced due to its valuation.
The good news for BTWN is its share price has not been over-inflated with rumours and is now close to NAV.
I am long BTWN.U and will be waiting to see if there are any exciting developments in the coming months.
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