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Indonesian startup GoTo to raise up to $1.1B in IPO

Indonesian startup GoTo to raise up to $1.1B in IPO

2 years ago
Anonymous $jukOC22bR_

https://techcrunch.com/2022/03/15/indonesian-startup-goto-to-raise-up-to-1-1b-in-ipo/

Indonesia’s tech firm GoTo Group, which was formed last year via a merger between ride-hailing giant Gojek and marketplace Tokopedia, plans to raise at least $1.1 billion (15.2 trillion rupiah) from an Indonesia initial public offering (IPO) scheduled for 4 April.

GoTo says it aims to sell up to 52 billion new Series A shares at between 316 rupiah and 346 rupiah apiece, raising $28.8 billion at the top end of the range.