GoTo is raising 15.6 billion yuan and plans to IPO

11 Nov 2021

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"Hong Kong Economic Times" reported on July 27 that people familiar with the matter said that Indonesia’s most valuable technology start-up company, GoTo, is negotiating with investors, hoping to raise up to US$2 billion before listing, with a valuation ranging from US$25 billion to US$25 billion. At 30 billion U.S. dollars, GoTo plans to IPO on the local stock exchange this year, and then seek to go public in the United States.

GoTo is a new company after the merger of Southeast Asian car-hailing giant Gojek and e-commerce platform Tokopedia. People familiar with the matter said that GoTo hopes to get the company's valuation close to 40 billion U.S. dollars by listing in the United States and Indonesia, which is the valuation record set by Grab before. The relevant discussions are still in progress, and the details of the financing plan may still be changed. . In this regard, a representative of GoTo declined to comment.

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