Indonesia

GoTo delays IPO but it may not be worth the wait

  • Indonesia’s GoTo delays market debut by a week to 11 April

  • GoTo is raising US$1.1bn, which is close to the top end of the range – the final pricing values the firm at US$28bn

  • Scarcity factor as a rare Indonesian Tech play could drive its performance, but our concerns remain on the IPO pricing

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