Tokopedia picks Morgan Stanley, Citi to manage debut listing

Indonesia’s e-commerce giant PT Tokopedia said it has hired Morgan Stanley and Citigroup Inc. as advisers to help accelerate its plan to go public.

“We have not decided yet which market and method, and are still considering options,” the Jakarta-based company said in a statement on Wednesday. “SPAC is a potential option that we could consider but we have not committed to anything at the moment.”

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