Asian Tech Press (Mar. 25) -- Indonesia's biggest tech group GoTo has raised about $1.1 billion in a local IPO, with an offering near the middle of its targeted price band.

GoTo priced the IPO at 338 rupiah a share, just above the middle of the price range of 316 to 346 rupiah announced earlier.

The Jakarta-based tech group was formed last year by the merger of ride-hailing company Gojek and e-commerce firm PT Tokopedia