SINGAPORE/JAKARTA (Reuters) - GoTo is banking for a steady market debut after raising $1.1 billion in a relatively cautious IPO, while a booming local share market is cementing expectations that Indonesia's largest tech firm can buck a global downtrend in tech stocks.
Formed by the May merger of ride-hailing-to-payments company Gojek and e-commerce giant Tokopedia, PT GoTo Gojek Tokopedia Tbk will debut in Jakarta on Monday in the culmination of one of the world's biggest initial public offerings (IPO) so far this year.