In today’s briefing:
- GoTo IPO Trading – A Test for the Domestic Market
GoTo IPO Trading – A Test for the Domestic Market
- GoTo was initially aiming to raise around US$1.25bn from a local listing. It managed to raise US$960m after downsizing its deal and pricing close to the midpoint.
- GoTo, is an Indonesian holding company, was formed in May 2021 as a result of a merger between Gojek, leading player in ride hailing, and Tokopedia, leading e-commerce player.
- In this note, we’ll talk about the trading dynamics of the deal.
Before it’s here, it’s on Smartkarma
