Indonesia's GoTo raises $1.1b, gains 13% on debut
Indonesia-based ride-hailing service turned super app GoTo, which has numerous private equity backers, gained 13% on debut following an IDR 15.8trn (USD 1.1bn) offering on the Indonesia Stock Exchange (IDX).
The company sold 46.7bn shares, comprising newly issued stock and treasury shares, for IDR 338 apiece. Its stock reached as high as IDR 416 on April 11, before falling back to close on IDR 382. This equates...
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