Behind GoTo’s IPO
Indonesia’s biggest decacorn, GoTo, is going public at the Indonesia Stock Exchange. The company records trillions of rupiah in losses with no certainty of profitability.
Khairul Anam
March 21, 2022
FRISCA Devi Choirina chose not to comment when Bukalapak.com conducted an initial public offering (IPO) last August. Frisca, one of the founders of Ngertisaham, a capital market social education institution, again refused to give her opinion when GoTo Gojek Tokopedia began offering initial shares on Tuesday, March 15. “It is quite sensitive to opine on,” said the 30-year-old woman on Friday, March 18.
The IPO this time seems more tem...