Indonesia's GoTo raises about $1.1 billion in local IPO

Asian Tech Press (Mar. 25) -- Indonesia's biggest tech group GoTo has raised about $1.1 billion in a local IPO, with an offering near the middle of its targeted price band.

GoTo priced the IPO at 338 rupiah a share, just above the middle of the price range of 316 to 346 rupiah announced earlier.

The Jakarta-based tech group was formed last year by the merger of ride-hailing company Gojek and e-commerce firm PT Tokopedia

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