Bridgetown 3 Holdings Limited (BTNC)
Bridgetown 3 Holdings was planning to go public, but the IPO was withdrawn on Feb 28, 2023.
IPO Price
$10.00
Shares Offered
20,000,000
Deal Size
$200.00M

Company Description

Bridgetown 3 Holdings is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

We intend to focus our search on a target with operations or prospective operations in the technology, financial services, or media sectors, which we refer to as the “new economy sectors”, in Southeast Asia, although we may also explore compelling opportunities in South Asia.

Collective findings by Google, Temasek and Bain & Company indicate that the region’s internet economy crossed the $100 billion mark in 2020 and is poised to triple to an estimated $300 billion by 2025.

According to an Asian Development Bank report on financial inclusion in Southeast Asia, the gap between needs of the populace and the volume of electronic payment and transfer volumes is estimated to be more than $180 billion in Indonesia, Philippines, Cambodia and Myanmar combined.

In addition, in the same set of countries, there is an estimated gap between savings capacity and savings in formal financial institutions of more than $80 billion and gap between credit needs and what is fulfilled by informal lenders is estimated to be approximately $80 billion.

There is also low insurance penetration in these markets. For these reasons, we believe that there are significant market opportunities in these segments.

Bridgetown 3 Holdings Limited
Country Hong Kong
Founded 2021
Industry Shell Companies
Sector Financials
CEO Daniel Wong

Contact Details

Address:
c/o 38/F Champion Tower, 3 Garden Road
Central
Hong Kong
Phone +852 2514 8888

Stock Details

Ticker Symbol BTNC
Exchange NYSE
Reporting Currency USD
IPO Price $10.00
CIK Code 0001844028
SIC Code 6770