Traveloka reels in major Thai investor amid ongoing INA-backed IPO rumors

Traveloka is going forward with a new maneuver to stabilize its financial performance as rumors abound about the online booking platform’s plan to conduct an initial public offering (IPO) in the near future. The homegrown unicorn, valued at US$5 billion, has reportedly just secured major investment of an undisclosed amount from PTT Oil and Retail Business Public Co. Ltd. (OR), headquartered in Bangkok. The deal comes following recent reports that Traveloka had been looking to raise $200 million to prepare its IPO.

August 03 2022, The Jakarta Post

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