JAKARTA. PT Goto Gojek Tokopedia Tbk (GOTO), a joint venture established by two local unicorns, Gojek and Tokopedia, has fixed the price for the initial public offering (IPO) at IDR 338 per share.
With this level of price, GOTO will be able to raise IDR 13.72 trillion in its debut in Indonesia Stock Exchange (IDX). Prior to this, GOTO had mentioned that the IPO price will be set between IDR 316 and IDR 346 per share, allowing it to potentially secure IDR 14.05 trillion in total.
GOTO had registered 40.62 billion IPO shares to the Indonesian Central Security Depository (lit. Kustodian Sentral Efek Indonesia/KSEI). The public offering will take place starting today (1/4) until April 7, 2022. Then, the shares distribution will follow on April 8, 2022, prior to the recording on IDX on April 11, 2022.
Later, the funds collected by GOTO in its IPO will be utilised as its working capital and investments in several subsidiaries. These investments will be channelled, for instance, to PT DAB (GoPay), PT MAB (GoFinance), VDIGI SG (Gojek Singapore), and Go VIet (Gojek Vietnam). (KR/ZH)