GoTo, created by the merger of Gojek and Tokopedia in May, plan to go public in the next 12 months.
This story is part of Forbes’ coverage of Indonesia’s Richest 2021. See the full list here.
Forbes Asia
E-commerce giant Bukalapak’s blockbuster IPO in August, raising $1.5 billion, set the stage for more mega-listings in Indonesia. Four unicorns, including GoTo created by the merger of Gojek and Tokopedia in May, plan to go public in the next 12 months.
With e-commerce transactions set to grow nearly 50% to $70 billion in Southeast Asia’s biggest economy this year, private equity firms are pouring funds into Indonesian tech firms, according to a report published by Google, Temasek and Bain & Company in November.
Forbes Asia
These companies raised $4.7 billion in the first half, accounting for 41% of Southeast Asia’s private equity deals by value, the report says. As these unicorns go public, they may spawn a new generation of wealthy technopreneurs.
Forbes Asia
