Indonesia's GoTo set to wrap up US$2bil funding round, eyes IPO in 2022 -sources


SINGAPORE/JAKARTA, Aug 22 (Reuters): Indonesia's biggest tech group GoTo is set to complete a pre-IPO funding exercise to raise up to $2 billion in the next few weeks, but regulatory delays threaten to push its listing plans to early next year, three sources familiar with the matter said recently.

The delay comes as the South-East Asian nation's Financial Services Authority (OJK) weighs new listing guidelines for tech firms to offer dual-class shares that confer different voting rights, said two of the sources.

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Indonesia , GoTo , IPO , Funding , US$2 Billion , Soon

   

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