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GoTo rises 13% on IDX debut, draws record number of investors

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Sharanya Pillai

Sharanya Pillai

Published Mon, Apr 11, 2022 · 09:50 PM

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    Singapore

    SHARES of Indonesian tech giant GoTo Group soared on its debut on the Indonesia Stock Exchange (IDX) on Monday (Apr 11), valuing the company at more than US$30 billion.

    This marks yet another major tech initial public offering (IPO) in South-east Asia. It is also the first Indonesian listing to benefit from the country's new regulations that allow dual class shares.

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    GoTo GroupTech IPO

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