IDX Addresses Reports of GoTo IPO Plan



Laila Afifa

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    TEMPO.CO, Jakarta - The Indonesian Stock Exchange (IDX) responded to reports about the IPO plans of GoTo Group. GoTo, the company resulting from the merge of Gojek and Tokopedia, is said to go public in the first half of 2022.

    "We have not been able to answer or specifically state the name of the company that will conduct the IPO until the company obtains a publication permit from the OJK," the IDX's director of corporate assessment, I Gede Nyoman Yetna Nyoman, told reporters on Tuesday, December 21.

    However, Nyoman said that, in principle, the IDX welcomes all companies planning to source funds from the capital market.

    "We are committed to making IDX a house of growth for companies of all characteristics and potentials in Indonesia by becoming an adaptive and competitive exchange," he said.

    Another group also reported as planning an IPO is Traveloka.

    On Tuesday, Koran Tempo published an article reporting GoTo's preparation to go public in the first semester of 2022. The group reportedly appointed two underwriters, Mandiri Sekuritas and Indo Premier Sekuritas. Goto was also said to have prepared a prospectus for listing as PT GoTo Gojek Tokopedia with a proceeds target of US$1 billion.

    Koran Tempo contacted GoTo and Mandiri Sekuritas for statements, but did not receive responses. 

    Read: Ministry Postpones Trademark Registration of Gojek-Tokopedia's GoTo