Selling Shares To The Public IDR 316-IDR 346 Per Share, Gojek-Tokopedia (GoTo) Eyeing Funds Up To IDR 17.99 Trillion

JAKARTA - PT Goto Gojek Tokopedia Tbk (GoTo) has officially started a plan to release shares to the public through an initial public offering (IPO) mechanism. This GoTo action will be one of the IPOs with the largest fundraising on the Indonesia Stock Exchange (IDX).

How could it not be, GoTo released 52 billion shares with a price range of IDR 316-IDR 346. This means that GoTo can reap funds ranging from IDR 16.43 trillion to IDR 17.99 trillion.

Citing the company's offer document, Tuesday, March 15, GoTo appointed Indo Premier Sekuritas, Mandiri Sekuritas, and Trimegah Sekuritas as implementing underwriters for the securities issuance. Meanwhile, there is CIMB Niaga Sekuritas and Core Value Sekuritas as underwriters.

To realize this IPO, GoTo started the initial offering period today until March 21, 2022, with a target effective date of March 25, 2022.

After that, GoTo began the initial public offering period on March 29-31 2022. Until finally, the company targeted the listing of shares on the IDX on April 4, 2022.