GoTo raises US$1.1bil in IPO

Soelistyo: We are proud to fly the flag for Indonesian technology as we prime our business for growth in one of the world’s most promising regions. — AFP

JAKARTA: GoTo Group, Indonesia’s largest tech company, raised 15.8 trillion rupiah (US$1.1bil or RM4.62bil) in one of the world’s largest initial public offerings (IPO) this year.

The ride-hailing, e-commerce and fintech company priced its offering of 46.7 billion shares, the Jakarta-based company said in a statement yesterday.