GoTo shares jump up to 23% on Jakarta debut

2022-04-11 04:11:06

PT GoTo Gojek Tokopedia Tbk's listing ceremony took place Monday at the Indonesia Stock Exchange in Jakarta.

Asian Tech Press (Apr. 11) -- Indonesia's biggest tech group GoTo jumped as much as 23% on its Jakarta debut on Monday.

Backed by companies such as SoftBank Group Corp., Alibaba Group and Singapore sovereign wealth fund GIC Private Limited (GIC), GoTo raised about $1.1 billion in the local IPO.

The tech company priced its offering of 46.7 billion Series A shares at 338 rupiah a share, as one of the world's largest initial public offerings this year.

The shares jumped as much as 23% and were up 14% to 386 rupiah at 9:41 a.m. in Jakarta, valuing the company at about $32 billion, according to Bloomberg.

GoTo Indonesia IPO

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