Riding high: An electronic board displays the stock price of GoTo in Jakarta. It is Indonesia’s third most-valuable listed firm at US$33bil (RM139.5bil). — Bloomberg
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.
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