In today’s briefing:
- GoTo IPO – A Finely Tuned Balance
GoTo IPO – A Finely Tuned Balance
- The long-awaited GoTo IPO is upon us with a listing scheduled for 4th April after the deal was priced sensibly in the middle of the range at IDR338 per share.
- Since this was only offered to local investors and the IPO only represents 4.35% of shares in issue pre-Green Shoe, we see the potential for strong support from local institutions.
- Valuations are challenging but GoTo represents the best proxy for the Indonesian digital economy given its broad and unique exposure to key verticals of on-demand, digital finance, and e-commerce.
Before it’s here, it’s on Smartkarma
