BRIEF-Moneyhero Group Plans To Go Public In Partnership With Bridgetown

Reuters2023-05-25

May 25 (Reuters) - Bridgetown Holdings Ltd :

* 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

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