Indonesia’s GoTo said to appoint underwriters for $1b local IPO

Indonesia’s biggest tech firm GoTo Group has appointed underwriters to manage a $1 billion initial public offering which could take place as early as the first quarter of next year, Bloomberg reported on Friday, citing sources.

GoTo, a merger between ride hailing app Gojek and e-commerce Tokopedia, has hired PT Mandiri Sekuritas and PT Indo Premier Sekuritas, according to the report, which cited people familiar with the matter.

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