The multicorporate-backed diversified mobile app operator has listed on IDX having priced its shares at near the top of their range.

GoTo Group, the Indonesia-based, corporate-backed joint venture between ride hailing platform operator Gojek and e-commerce group Tokopedia, has floated in a $1.1bn initial public offering.

The company priced its shares at Rp 338 ($0.024) each according to Bloomberg, which cited sources privy to the development, above the middle of the Rp 316 to Rp 346 range it had set earlier this month.

Formed in May 2021 by Tokopedia and GoJek, GoTo provides a portfolio of mobile services covering e-commerce,…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
email
Linked in