Bridgetown 2 Holdings Limited (BTNB) Prices $260M IPO


Bridgetown 2 Holdings Limited (BTNB) Prices $260M IPO

Jan 26, 2021 IPOs by Kristi Marvin

Bridgetown 2 Holdings Limited announced the pricing of its $260 million IPO this evening and its shares are expected to begin trading on the Nasdaq under the symbol “BTNB” Tuesday, January 26.

The new company aims to focus their search on companies with operations or prospective operations in the technology, financial services, or media sectors, which they refer to as the “new economy sectors”, in Southeast Asia. Bridgetown 2 Holdings Limited is led by Chief Executive Officer, Chief Financial Officer and Director Daniel Wong and Chairman Matt Danzeisen.

Total SPAC deal count for 2021 year-to-date is now 72 with $20.44 billion in gross proceeds raised. This offering is expected to close on Thursday, January 28.

Citigroup Global Markets Inc. and BTIG LLC are serving as joint book-running managers for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.