The e-commerce company is the latest to test stock investors’ appetite.
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Indonesian Companies Go Public
The Southeast Asian tech sector is reshaping how the region’s public markets operate.
The super app follows rivals in listing but questions swirl over investor appetite.
CEO says listing amid a market downturn is a “testament” to its long-term potential.
There’s growing skepticism about SPACs but deals are still being sealed in Asia.
Super apps burn through cash in fight for Southeast Asia’s biggest digital market.
The company will trade under the ticker symbol GOTO.
Companies like GoTo, Traveloka, Tiket.com, SiCepat, and Blibli are reportedly planning to go public in Jakarta next year.
Country’s biggest tech company GoTo had been waiting for the regulatory change.
The company expects to go public in Indonesia in the first half of 2022.
President Caesar Indra calls sector a pillar but has no plan for digital bank.
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