The Week That Was in ASEAN@Smartkarma - Astra's Future, Matahari Dept Store on Form, and GoTo's IPO
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
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GoTo IPO: Peer Comparison and Valuation
Even without conservative assumptions, our SOTP valuation implies that GoTo’s shares are overvalued at the indicative IPO price range.
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GoTo IPO: A No Go
Our analysis on the company’s financials suggests that the company has been burning cash to grow its business and may not be able to generate any...
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GoTo Gojek Tokopedia IPO: Valuation Insights
Our valuation analysis suggests that the price range is aggressive and unattractive. We would give the IPO a pass. Books will close on 21 March....
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GoTo Gojek Tokopedia IPO Initiation: Island Shopping
GoTo is seeking to raise up to $1.3 billion. In an environment where growth-at-all costs tech firms and peers have materially sold-off and are out...
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