GoTo IPO needs to be judged by company's long-term potential
Firm's strength lies in its ecosystem; investors will be focused on its growth strategy and ability to execute it as an indication of its durability, says Sucor Sekuritas CEO
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Jakarta
ANASTASYA Florence, a 21-year-old who works in the media industry was one of some 300,000 Indonesians who bought shares in the initial public offering (IPO) of GoTo Gojek Tokopedia earlier this week.
However, as with many fellow investors, she also sold her shares the following day and made a handsome 15 per cent profit.
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