GoTo IPO Today; Analyst Predicts Risk of Auto Rejection Compared to Bukalapak
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15 March 2022 11:17 WIB
TEMPO.CO, Jakarta - PT GoTo Gojek Tokopedia Tbk. or GoTo is holding an initial public offering (IPO) today at the Indonesia Stock Exchange (IDX). Ibrahim Ascustombi, director of TRFX Garuda Berjangka, said that unlike the IPO of its unicorn peer Bukalapak, GoTo shares have low risk of auto rejection.
"Because GoTo is only floating 4.35 percent of its shares; while Bukalapak listed 25 percent," Ibrahim said when contacted on Tuesday, March 15.
GoTo will hold an IPO at the IDX today, 15 March. For now, the initial offer is scheduled from March 15 to 21.
During the book building period, GoTo's IPO is expected to have an effective date of March 25, so that subscription can take place on March 29 and 31, and the shares could be listed by April 4.
It's IPO prospectus, GoTo said it would float 4.35 percent or 52 billion shares worth Rp1 per unit, or aiming for a proceed between Rp16.43 trillion and Rp17.99 trillion in total.
This makes GoTo's IPO value the second-biggest at the IDX. Bukalapak (BUKA) still holds the record with an IPO value of Rp21.9 trillion.
Read: IDX Addresses Reports of GoTo IPO Plan
FRANCISCA CHRISTY ROSANA
