After PT GoTo Gojek Tokopedia Tbk (GOTO) decided to take the floor on the Indonesia Stock Exchange (IDX) on Monday (11/4), they have now officially received Rp 15.8 trillion in funds from the company’s decision.
This number makes GOTO’s IPO the third-largest initial public offering in Asia, and the fifth in the world since the beginning of 2022.
Gojek Tokopedia Tbk or GOTO is a technology-based digital ecosystem company formed as a merger between two giant startups in Indonesia, namely Gojek and Tokopedia.
In the company’s official statement, GOTO said it managed to raise Rp 13.7 trillion from the public offering of shares through an IPO, and Rp 2.1 trillion through the sale of treasury shares in the context of the greenshoe option.
The fundraising reflects a market capitalization of Rp 400.3 trillion.
“Based on the number of funds raised, the GoTo IPO is the third-largest IPO in Asia and the fifth in the world for 2022. The GoTo IPO also attracted the participation of around 300,000 investors in the public offering process, which is the record for the highest participation of investors in the IPO process in the history of the capital market. Indonesia” wrote GOTO in a press release, Monday (11/4/2022).
GoTo Group CEO Andre Soelistyo said the company will continue to improve its capabilities to achieve its future missions. According to him, the high investor interest in the GOTO IPO reflects the huge potential for on-demand services, e-commerce, and financial technology in the Southeast Asian region.
The moment of listing GOTO’s shares on the IDX today was also attended by Coordinating Minister for the Economy Airlangga Hartarto, Chairman of the OJK Board of Commissioners Wimboh Santoso, and IDX President Director Inarno Djajadi.
The presence of the Minister of Education, Culture, Research, and Technology, Nadiem Makarim, was also the founder of Gojek.
The listing of GoTo is a historic moment for the Company and the IDX, as the first share listing was carried out based on the provisions for shares with multiple voting rights set by OJK in December 2021.
In this IPO, the Company offered a total of 46.7 billion Series A shares, which is a combination of newly issued shares with treasury shares (specifically for over-allotment options), at an offering price of Rp 338, reflecting a market capitalization of Rp 400 .3 trillion (US$ 28 billion).
Andre added, “Finally, those who are most deserving of appreciation for today’s achievements are those who have worked hard to grow with GoTo. Our success is thanks to our driver-partners, merchants, consumers, and employees. Therefore, we strive to ensure that they benefited from the Company’s IPO through the Mutual Cooperation Shares Program, which is one of the most inclusive share ownership programs in the world today.”
 decided to take the floor on the Indonesia Stock Exchange (IDX) on Monday (11/4), they have now officially received Rp 15.8 trillion in funds from the company's decision.){kind=link}