GoTo casts wider net for investors as it extends IPO deadline

Move gets mixed response from market players who feel IPO may not be as exciting as earlier anticipated

Published Wed, Mar 23, 2022 · 05:50 AM

Jakarta

INSTEAD of just delivering food and packages, as many as 600,000 Gojek drivers in Indonesia now have an opportunity to be shareholders of the company they represent under GoTo's Gotong Royong Share Program.

GoTo, the company formed after a merger between Gojek and e-commerce platform Tokopedia, earlier this week announced that it was extending the deadline for consumers and merchants to subscribe to its IPO to Mar 24, from the earlier deadline of Mar 15-21.