KONTAN.CO.ID - SINGAPORE. Indonesia's biggest tech firm GoTo Group is looking to raise up to 17.992 trillion rupiah ($1.3 billion) through an initial public offering (IPO) this month as it begins the process of gauging demand for the issue. In its prospectus published on Tuesday, GoTo said it plans to sell up to 52 billion Series A shares and set a price range of 316 to 346 rupiah per share. The book building process ends on March 21 and the estimated listing date is April 4. Goto, formed by merging ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia, counts Alibaba Group 9988.HK, SoftBank Group Corp 9984.T, Singapore sovereign wealth fund GIC and Tencent Holdings 0700.HK among its backers.
Indonesian Tech Group GoTo to Raise $1.3 Billion in Local IPO
KONTAN.CO.ID - SINGAPORE. Indonesia's biggest tech firm GoTo Group is looking to raise up to 17.992 trillion rupiah ($1.3 billion) through an initial public offering (IPO) this month as it begins the process of gauging demand for the issue. In its prospectus published on Tuesday, GoTo said it plans to sell up to 52 billion Series A shares and set a price range of 316 to 346 rupiah per share. The book building process ends on March 21 and the estimated listing date is April 4. Goto, formed by merging ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia, counts Alibaba Group 9988.HK, SoftBank Group Corp 9984.T, Singapore sovereign wealth fund GIC and Tencent Holdings 0700.HK among its backers.