Flash Report /
Global

GoTo’s IPO could create a three-way slugfest for ASEAN’s super apps

  • Indonesia's tech giant GoTo is mulling an IPO and is looking to raise US$2bn at a pre-IPO valuation of US$30bn

  • ADIA, Abu Dhabi’s sovereign wealth fund, may be investing US$400mn in the round joining a marquee list of investors

  • We expect a three-way battle for supremacy between Grab, Sea Limited and GoTo; we see Grab as the favourite – Buy AGC US

GoTo’s IPO could create a three-way slugfest for ASEAN’s super apps
Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
27 October 2021
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