GOTO Explores New Potential Investors

Translator

Ririe Ranggasari

Editor

Laila Afifa

9 December 2022 07:16 WIB

TEMPO.CO, JakartaGoto Gojek Tokopedia (IDX: GOTO) held a public expose virtually on Thursday, 8 December. Patrick Cao, group president of Goto Gojek Tokopedia (IDX: GOTO), said that the company will continue to explore new potential investors, especially as they look towards an opportunity to enter the global index in the first half of 2023.

The key management task, he said, is to ensure GOTO is focused on continuing to ensure quality growth, and work hard to ensure efficient operations to accelerate its path to profitability.

"We are taking all of these steps to provide long-term benefits and values for all stakeholders," he said.

GoTo held an IPO in April this year and GOTO's lock-up period ended on November 30. Since then, the tech giant's shares have continued to come under pressure, hitting its auto rejection lower limit or ARB.

GOTO price on the IDX trade floor continues to plummet. In Thursday's trade, December 8, GOTO closed 6.54 percent down to a new low of Rp100 per share, far below its IPO price of Rp338 per share.

Riri Rahayu

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