Peter Thiel-backed Bridgetown launches third SPAC, looks to raise $260m in IPO

Peter Thiel-backed Bridgetown launches third SPAC, looks to raise $260m in IPO

REUTERS/Brendan McDermid

Billionaires Peter Thiel and Richard Li’s Bridgetown Holdings has launched a third blank cheque company that is now seeking to raise $260 million in an initial public offering (IPO) in the US, barely five months after their second special purpose acquisition company (SPAC) raised $299 million.