More than 20 corporate backers are due to score exits through an offering that could value the online consumer services portal at nearly $29bn.

GoTo, the Indonesia-based, corporate-backed amalgamation of ride hailing service Gojek and e-commerce marketplace Tokopedia, revealed today it aims to raise at least Rp 15.2 trillion ($1.06bn) in an initial public offering. The company plans to float on the Indonesia Stock Exchange and has set a range of Rp 316 to Rp 346 each for 48…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.