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GoTo Seeks to Buck Tech Sector Slump With $1 1 bln Indonesia IPO

GoTo Is a Costly Ride, But It s Going Somewhere

(Bloomberg Opinion) The much-awaited debut of GoTo, the combination of ride-hailing app Gojek and e-commerce firm PT Tokopedia, offers investors a stark choice.

GoTo seeks Indonesia IPO valuing firm at up to US$28 8bil

JAKARTA (Bloomberg): GoTo Group will push ahead with a stock-market debut in Indonesia valuing the ride-hailing, e-commerce and fintech company at as high as us$28.8 billion, defying the sharp market downturn that battered its two main peers Sea Ltd and Grab Holdings Ltd in recent months.

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