A billboard advertising GoTo’s initial public offering is displayed in Jakarta, Indonesia. GoTo was formed through the merger of Gojek and Tokopedia. Photo: Bloomberg
A billboard advertising GoTo’s initial public offering is displayed in Jakarta, Indonesia. GoTo was formed through the merger of Gojek and Tokopedia. Photo: Bloomberg
Stocks

Shares of GoTo, Indonesia’s largest tech firm, hit new low after Alibaba, SoftBank’s lock-up expires

  • GoTo’s shares have fallen some 60 per cent since its debut in April, giving it a market share currently of US$10.7 billion
  • Early backers like Alibaba and SoftBank had agreed to an eight-month lock-up period to support the stock price following GoTo’s IPO

A billboard advertising GoTo’s initial public offering is displayed in Jakarta, Indonesia. GoTo was formed through the merger of Gojek and Tokopedia. Photo: Bloomberg
A billboard advertising GoTo’s initial public offering is displayed in Jakarta, Indonesia. GoTo was formed through the merger of Gojek and Tokopedia. Photo: Bloomberg
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