JAKARTA: GoTo Group, an Indonesian startup giant, raised about US$1.1bil (RM4.63bil) in one of the world’s largest initial public offerings (IPOs) announced since the Russian invasion of Ukraine, pricing the deal near the middle of the range.
The Jakarta-based company, formed by the merger of Indonesia’s two most valuable startups: ride-hailing giant Gojek and eCommerce firm Tokopedia, priced the IPO at 338 rupiah (9.9 sen) a share, according to sources.
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