In today’s briefing:
- GoTo Gojek Tokopedia IPO: Valuation Insights
GoTo Gojek Tokopedia IPO: Valuation Insights
- GoTo (1379371D IJ) is the leading digital ecosystem in Southeast Asia. It seeking to raise up to $1.3 billion. Bookbuilding ends on 21 March.
- In GoTo Gojek Tokopedia IPO Initiation: Island Shopping, we noted that the fundamentals are mixed as the high growth is accompanied by ongoing losses and cash burn.
- Our valuation analysis suggests that the price range is aggressive and unattractive. We would give the IPO a pass.
Before it’s here, it’s on Smartkarma
