Indonesia's GoTo looks to shore up price ahead of mega-IPO
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Jakarta
AS INDONESIA'S GoTo Group gets ready for a listing that could value the start-up at over US$28 billion, it is hoping to avoid the pitfalls of an earlier much-heralded tech player that recently went public by securing early investors, market analysts told The Business Times.
GIC-backed Bukalapak, the country's first e-commerce player to list, saw its initial public offering (IPO) price surge 25 per cent at the start of trading.
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