GoTo stock surges on raising $1.1 bn in one of the world’s largest IPO
Mon, Apr 11, 2022 8:41 AM

GoTo stock surges on raising $1.1 bn in one of the world’s largest IPO

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Indonesia’s biggest tech player--GoTo Group shares zoomed on its first day of trading after raising $1.1 billion in one of the world’s largest maiden issues in 2022. It surged by 23% and was up 14% to 386 rupiah at 9:41 a.m. in Jakarta, valuing the company at about $32 billion. The IPO was the third-largest offering in Indonesia after PT Bukalapak.com and PT Dayamitra Telekomunikasi.

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