President Director of the GoTo group Andre Soelistyo speaks to audience during the Initial Public Offering (IPO) and public expose event in Jakarta on on Tuesday, March 15, 2022. - AFP
JAKARTA, March 15, 2022 (AFP): Indonesia's largest tech firm said on Tuesday it planned to raise up to $1.26 billion through an initial public offering this month, despite tumultuous world market conditions.
The GoTo Group set a price range of 316 to 346 rupiah per share for the local IPO, and aims to sell up to 52 billion new Series A shares through the listing, or about 4.35 percent of total shares.
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