JAKARTA: GoTo soared as much as 23% in its stock market debut after Indonesia’s largest tech company raised US$1.1bil (RM4.64bil) in a widely anticipated initial public offering (IPO), fuelling expectations of more tech offerings in a fast-growing sector.
The IPO is the world’s fifth-largest this year, Refinitiv data shows, and came at a time when many companies delayed launches due to the Russia-Ukraine war and economic uncertainty.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
