GoTo share price

TOKYO/JAKARTA -- Shares in Indonesian superapp GoTo rose by double digits in their local stock market debut on Monday, as doldrums in Southeast Asia's.

SHARES of Indonesian tech giant GoTo Group soared 14.8 per cent to 388 rupiah upon its debut on the Indonesia Stock Exchange (IDX) on Monday (Apr 11), ...

GoTo Group, Indonesia's biggest tech company, surged on its first day of trading after raising $1.1 billion in one of the world's largest initial public ...

GoTo soared as much as 23% in its stock market debut on Monday after Indonesia's largest tech company raised $1.1 billion in a widely anticipated IPO, ...

It is the first to issue multiple class voting shares, taking advantage of new rules. Register now for FREE unlimited access to Reuters.com Sold only to investors in Indonesia, unlike most other domestic offerings, the shares ended at 382 rupiah, up 13%. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

PT GoTo Gojek Tokopedia Tbk (“GoTo Group'' or the “Company”), the largest digital ecosystem in Indonesia, today announced its listing on the Main Boar.

PT GoTo Gojek Tokopedia Tbk (GoTo Group) is the largest digital ecosystem in Indonesia. GoTo's mission is to "empower progress" by offering technology infrastructure and solutions that help everyone to access and thrive in the digital economy. Indonesia and Southeast Asia have a young and highly tech-savvy population with increasing spending power that is driving the growth of the region’s digital economy. Pro forma gross revenue grew at 56% CAGR between FY2018 and FY2020 and 55% YoY between Q3 2020 and Q3 2021. Together we can help to support Indonesia’s digital transformation by leveraging technology for the benefit of all.” Despite global market volatility, investor interest has been strong, reflecting the rapidly growing demand in Southeast Asia for our on-demand, e-commerce and financial technology services, as well as confidence in GoTo's position as the largest digital ecosystem in Indonesia. GoTo Group’s pro forma GTV grew at 46% CAGR between 2018 and 2020, and at 62% YoY between Q3 2020 and Q3 2021. With all of these groups working together, we are truly unstoppable as we pursue our mission to empower progress for Indonesia and Southeast Asia. Furthermore, as part of the program, all full time employees have been made participants in the Group's Long-Term Incentive Plan. GoTo Group has already achieved: - Pro forma3 Gross Transaction Value (GTV) of IDR414.2 trillion (USD28.8 billion) in the 12-months ended 30 September 2021 As part of the drive to make this IPO one of the most inclusive, GoTo has introduced the Gotong Royong Share Program. The company has allocated over US$20 million2 to driver-partners, as well as forming the GoTo Future Fund - an endowment fund that aims to support initiatives and solutions that benefit the lives of stakeholders across the GoTo ecosystem. Our listing on the Indonesia Stock Exchange will strengthen our ability to pursue our mission and better serve customers.

JAKARTA: Shares of GoTo soared as much as 23 per cent in their market debut on Monday (Apr 11) after Indonesia's largest tech company raised US$1.1 billion ...

Advertisement Advertisement Sold only to investors in Indonesia, unlike most other domestic offerings, the shares closed the day up 13 per cent at 382 rupiah. Advertisement Advertisement

Shares of GoTo surged as much as 23% in their market debut on Monday after Indonesia's largest tech company raised $1.1 billion in a widely anticipated IPO ...

GoTo shares climbed to as much as 416 rupiah ($0.0290) versus their offer price of 338 rupiah per share, which was the high end of an indicative range for Indonesia's second-largest IPO. It then traded at 390 rupiah. JAKARTA, April 11 (Reuters) - Shares of GoTo GOTO.JK surged as much as 23% in their market debut on Monday after Indonesia's largest tech company raised $1.1 billion in a widely anticipated IPO amid a booming local share market. Indonesia's GoTo soars as much as 23% on debut after $1.1 bln IPO

JAKARTA :Shares of GoTo surged as much as 23per cent in their market debut on Monday after Indonesia's largest tech company raised $1.1 billion in a widely ...

Advertisement Advertisement Sold only to investors in Indonesia, unlike most other domestic offerings, the shares closed the day up 13 per cent at 382 rupiah. Advertisement Advertisement

Shares in SoftBank-backed GoTo, Indonesia's biggest start-up, rose in their first day of trading, bucking a global decline in technology stocks as investors ...

Merged entity between Gojek and Tokopedia lists on the Indonesia Stock Exchange, raising an estimated $1.1 billion (15.8 trillion rupiah) from its IPO that ...

This was the largest number to participate in an IPO on the Indonesia Stock Exchange. GoTo Group CEO Andre Soelistyo said: "Our listing will strengthen our ability to pursue our mission and better serve customers. A total of 46.7 billion Series A shares was offered, comprising newly issued and treasure shares, at a price of 338 rupiah. GoTo said it distributed more than $20 million worth of shares to its driver-partners, as part of its Gotong Royong Share Program. Some of this amount also was set aside to establish the GoTo Future Fund, which the company described as an endowment fund to support initiatives that benefited stakeholders in its ecosystem. The merged entity between Gojek and Tokopedia, GoTo said in a statement Monday that the total amount raised represented a market capitalisation of $28 billion (400.3 trillion rupiah). GoTo Group has made its debut on the Indonesia Stock Exchange, raising an estimated $1.1 billion (15.8 trillion rupiah) from its Initial Public Offering (IPO). The funds will be tapped to drive its expansion into high growth markets such as Singapore and Vietnam, as well as drive customer engagement.

GoTo, the largest digital ecosystem in the archipelago nation of 270 million people, was formed by the merger of ride-hailing company Gojek and e-commerce ...

The company announced last week it would distribute shares worth 310 billion rupiah to hundreds of thousands of its drivers. It has sold shares for $954.7 million (13.7 trillion rupiah) plus $146.3 million from treasury shares for the purpose of over-allotment. The Jakarta-based company raised about $1.1 billion in its IPO, priced at 338 rupiah per share, representing a market value of about $28 billion, it announced Monday. The company announced last week it would distribute shares worth 310 billion rupiah to hundreds of thousands of its drivers. It has sold shares for $954.7 million (13.7 trillion rupiah) plus $146.3 million from treasury shares for the purpose of over-allotment. The Jakarta-based company raised about $1.1 billion in its IPO, priced at 338 rupiah per share, representing a market value of about $28 billion, it announced Monday.

TOKYO/JAKARTA -- Shares in Indonesian superapp GoTo are set to make their local stock market debut on Monday as doldrums in Southeast A.

Jakarta. On Monday, GoTo Gojek Tokopedia Indonesia, the country's largest digital services ecosystem platform, debuted trading on the Indonesia Stock ...

Meanwhile, the catalyst is estimated with the company's projected average GTV growth of 30 percent throughout 2021-2025. "Our business potential in Singapore and Vietnam is still enormous. "GoTo is the 15th listed company in 2022 and 781 on the stock exchange. BRI Danareksa Sekuritasmaintain its recommendation to buy GoTo shares with a target price of Rp 400. Bloomberg reported the total raised funds placed GoTo's' IPO as the third-largest in Asia and the fifth largest globally this year. The company's losses would also narrow to Rp 11.74 trillion, from Rp 12.73 trillion.