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GoTo's offering is pricier than peers Bukalapak, Bank Neo Commerce: UOBKH

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Michelle Zhu

Michelle Zhu

Published Fri, Mar 25, 2022 · 09:50 PM

Singapore

EVEN at the lowest end of the 316-346 rupiah (S$0.02-0.03) per share range, Indonesia's largest tech firm GoTo's offering price is valued significantly higher than its peers, according to UOB Kay Hian (UOBKH).

In a report on Friday (Mar 25), analyst Stevanus Juanda estimates that GoTo's valuation at the offering price of 316 rupiah comes in at 9.8 times FY2023 price-to-sales estimates.

GoTo GroupIPOBukalapakIndonesia

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