Indonesia-listed tech giant GoTo’s shares dropped to a new low on Tuesday at 162 rupiah apiece, down 6.36% from its previous close, a day before the lock-up period on its shares ends on Wednesday. Market watchers expect a significant impact of the lock-up period expiry on the firm’s stock performance and potential.
An IPO lock-up prevents early investors and company insiders from selling their stake for a certain period after the public offering.
