GoTo Shares Jump 18.34% on IPO Day
Translator
Editor
11 April 2022 13:41 WIB
TEMPO.CO, Jakarta - GoTo, the company resulting from the merger of Gojek and Tokopedia, officially made an initial public offering (IPO) on the Indonesia Stock Exchange today, April 11. GoTo President Director Andre Soelistyo expressed his gratitude to the Financial Services Authority (OJK), IDX, the government, and various supporting parties.
According to him, being a public company comes with a big responsibility. “We are committed to building and developing this company so that it can contribute more to the country and everyone who is part of the ecosystem, not only for the next 5-10 years but for the next 100 years,” said Andre in the GoTo IPO event broadcasted online on Monday.
At the beginning of the opening at 9:01 a.m., the Jakarta-based tech firm’s shares rose to Rp400 per share, or by 18.34 percent compared to the initial price offered at Rp388 per share.
GoTo share is worth Rp338 per unit, representing a market value of about Rp400.3 trillion or US$28 billion. The tech firm offered 46.7 billion new Series A shares, consisting of newly issued shares and treasury shares.
Thus, the total funds obtained by GoTo amounted to Rp15.8 trillion. The public offering period has been running from April 1 - 7, 2022, and the listing on the IDX Main Board with the code GOTO was scheduled for Monday, April 11.
Around 300,000 investors participated in the IPO of GoTo which will be listed on the Indonesia Stock Exchange tomorrow, April 12.
Read: Gojek Partners to Receive GoTo Shares Worth Rp310 Bln
HENDARTYO HANGGI
