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The Silicon Review Asia

GoTo Group Plans to Raise $1.1 Billion through IPO

GoTo Group Plans to Raise $1.1 Billion through IPO

The IPO will be one of the most significant IPOs in Indonesia

GoTo Group has announced its plan to raise $1.1 billion through its Initial Public Offering (IPO) on the Indonesia Stock Exchange. This IPO in Indonesia is being considered as one of the most significant ones in the country.

This IPO is going to be one of the most inclusive equity programs ever conducted, where it will provide employees, driver-partners merchants and consumers in the Group’s ecosystem.

“This is a landmark moment in the history of our company as we set out on the final stretch towards becoming a publicly owned company on the Indonesia Stock Exchange. Indonesia is one of the largest and most exciting growth markets in the world, as reflected in the resilience our capital market has shown this year, against a backdrop of global market volatility. We hope that our IPO will show the world the tremendous opportunity that exists in our country and throughout the Southeast Asia region,” said Andre Soelistyo, GoTo Group CEO.

GoTo Group's ecosystem brings together on-demand, e-commerce, and financial services through the Gojek, Tokopedia, GoTo Financial platforms.

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