GoTo Group, Indonesia’s biggest tech firm, has received sufficient investor orders for its initial public offering that could raise at least $1.1 billion within its targeted price band, two sources familiar with the situation said on Thursday.
The sources, who declined to be identified as they were not authorised to speak to the media, said the offering got support from long-term investors, such as the Indonesian units of fund managers Schroders SDR.L and Eastspring Investments.
