GoTo weighs coordinated secondary offering of shares held by pre-IPO investors

GoTo weighs coordinated secondary offering of shares held by pre-IPO investors

Photo: GoTo

Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia Tbk is exploring a coordinated secondary offering of shares held by pre-IPO shareholders after a lock-up period ends late next month, the company said on Monday.

It said it would not issue or sell new shares, so there would be no dilution of GoTo‘s shares. The lock-up period officially ends on Nov. 30, it said in a statement.

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