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Tiket.com Confirms the Unicorn Status, Considering IPO through SPAC on the NYSE

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Tiket.com is exploring the potential to go public on the New York stock exchange through SPAC. According to a Bloomberg report, the company is in discussions with COVA Acquisition Corp. (COVA), with an estimated of $2 billion combined value of the companies. The company is also said to consider raising an additional $200 million through the PIPE scheme.

The representative of Tiket.com has confirmed the unicorn status. He ensured that the company is exploring the potential to go public.

“Regarding that, we can now confirm that Tiket.com is now a unicorn, and Tiket.com plans for an IPO in the future,” a spokesperson for Tiket.com said.

Tiket.com was founded in 2011 and acquired by the Djarum Group through Blibli in 2017. Currently, both are operating as separate legal entities (PT), therefore, it is possible whether Tiket.com run for an IPO first.

Tiket.com founders are Mikhael Gaery Undarsa (CMO), Wenas Agusetiawan, Dimas Surya Yaputra (CCO), and Natali Ardianto (CTO – already exited). George Hendrata currently serves as Tiket.com’s CEO.

In April 2021, Tiket.com’s Co-Founder & CMO Gaery Undarsa stated at the media gathering that airline ticket sales has increased by 331%, while hotel reservations increased by 321%.

The positive result was obtained amidst various restrictions due to the pandemic.

Previously, several unicorn startups had planned to go public through SPAC, including Traveloka, which is Tiket.com’s closest competitor. Other unicorns also  rumored to conduct an IPO, including GoTo (Gojek and Tokopedia) and Bukalapak. In addition, the MNC conglomerate’s OTT business unit has chosen a similar step.

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Original article is in Indonesian, translated by Kristin Siagian

Pihak Tiket.com kepada DailySocial memberikan konfirmasi status unicorn dan rencana "go public"

Tiket.com Konfirmasi Sandang Status Unicorn, Jajaki Potensi Melantai di Bursa New York (UPDATED)

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Menurut pemberitaan Bloomberg, Tiket.com dikabarkan menjajaki potensi go public di bursa saham New York melalui SPAC. Perusahaan tengah berdiskusi dengan COVA Acquisition Corp. (COVA), dengan estimasi nilai gabungan perusahaan mencapai $2 miliar. Perusahaan disebut juga berpotensi meraih dana tambahan $200 juta melalui skema PIPE.

Kepada DailySocial, pihak Tiket.com mengonfirmasi status unicorn ini. Mereka juga memastikan perusahaan sedang menjajaki potensi go public. Meskipun demikian, perusahan tidak menyebutkan apakah akan menggunakan kendaraan SPAC.

“Sehubungan dengan itu, saat ini kami dapat memastikan bahwa Tiket.com telah berstatus unicorn, dan Tiket.com memiliki rencana IPO ke depan,” ujar juru bicara Tiket.com.

Tiket.com didirikan tahun 2011 dan diakuisisi Djarum Group melalui Blibli pada tahun 2017. Saat ini keduanya tetap berjalan dengan entitas legal (PT) terpisah, sehingga memungkinkan jika Tiket.com melangsungkan IPO terlebih dulu.

Para pendiri Tiket.com adalah Mikhael Gaery Undarsa (CMO), Wenas Agusetiawan, Dimas Surya Yaputra (CCO), dan Natali Ardianto (CTO – sudah exit). George Hendrata saat ini menjadi CEO perusahaan.

Di sebuah kesempatan temu media pada April 2021 lalu, Co-Founder & CMO Tiket.com Gaery Undarsa menyampaikan penjualan tiket pesawat naik sebesar 331%, sementara reservasi hotel naik di angka 321%.

Capaian positif ini didapat di tengah berbagai pembatasan akibat pandemi.

Sebelumnya beberapa startup unicorn telah merencanakan go public via SPAC, termasuk Traveloka yang merupakan kompetitor terdekat Tiket.com. Unicorn lain yang dikabarkan hendak menjajaki IPO adalah GoTo (Gojek dan Tokopedia) dan Bukalapak. Di samping itu unit bisnis OTT konglomerasi MNC juga memilih langkah serupa.

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