Brief: Moneyhero Group Plans To Go Public In Partnership With Bridgetown

MoneyHero

25/05/2023 14:19

May 25 (Reuters) - Bridgetown Holdings Ltd  BTWN.O :
    * MONEYHERO GROUP, A MARKET LEADING FINANCIAL PRODUCTS
PLATFORM IN
GREATER SOUTHEAST ASIA, PLANS TO GO PUBLIC IN PARTNERSHIP WITH
BRIDGETOWN
    * BRIDGETOWN HOLDINGS LTD -  DEAL VALUES MONEYHERO GROUP AT
A
PRE-MONEY ENTERPRISE VALUE OF US$200 MILLION AND AN EQUITY VALUE
OF ABOUT US$198 MILLION
    * BRIDGETOWN HOLDINGS LTD - COMBINED CO WILL HAVE A
POST-DEAL
ENTERPRISE VALUE OF US$342 MILLION ASSUMING NO REDEMPTIONS BY
BRIDGETOWN’S PUBLIC SHAREHOLDERS
    * BRIDGETOWN HOLDINGS LTD -  ALL MONEYHERO EXISTING
SHAREHOLDERS
SUCH AS PCCW, FWD, AND GOLDMAN SACHS WILL ROLL 100% OF THEIR
EQUITY INTO COMBINED CO
    * BRIDGETOWN HOLDINGS LTD -  MONEYHERO GROUP’S MANAGEMENT
TEAM
WILL CONTINUE TO LEAD THE PUBLIC CO AFTER DEAL CLOSE

Further company coverage:  BTWN.O 

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