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GoTo seeks to buck tech sector slump with $1.5 billion Indonesia IPO

SINGAPORE/JAKARTA โ€” GoTo is banking for a steady market debut after raising $1.1 billion (S$1.5 billion) in a relatively cautious IPO, while a booming local share market is cementing expectations that Indonesia's largest tech firm can buck a global downtrend in tech stocks. Formed by the May merger of ride-hailing-to-payments company Gojek and e-commerce giant Tokopedia, PT GoTo Gojek Tokopedia...
Abu Dhabi Abuz Aby United Arab Emirates Jakarta Raya Shane Chesson Patrick Cao

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