Billionaire Richard Li-Backed Fintech Firm MoneyHero To List In U.S. Via SPAC Backed By Peter Thiel

Hong Kong and Singapore-based personal finance comparison company, MoneyHero Group, plans to merge with a blank-check company backed by Hong Kong billionaire Richard Li and PayPal co-founder Peter Thiel to go public in the US.

The deal with Nasdaq-listed Bridgetown Holdings values MoneyHero at approximately $200 million, including debt, and the combined company will have an enterprise value of up to $342 million.

MoneyHero's investors, including PCCW and FWD Group, will roll all their equity into the combined company, and the deal is expected to be completed in Q3, providing the company with proceeds of up to $154 million for market expansion, brand enhancement, and talent attraction and retention.

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