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