GoTo will not pursue an international IPO, reports lower losses for Q3 2023
For Q3 2023, it reported losses at 2.4 trillion rupiah ($205.8 million) compared with 6.7 trillion rupiah in Q3 2022 Read more at straitstimes.com.
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For Q3 2023, it reported losses at 2.4 trillion rupiah ($205.8 million) compared with 6.7 trillion rupiah in Q3 2022 Read more at straitstimes.com.
Company says it no longer intends to execute on the international IPO.
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(Bloomberg) -- GoTo Group plummeted its most on record after one of its co-founders trimmed his stake in a share sale, spurring concerns about the business prospects of a Southeast Asian industry bellwether.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal M
GoTo was formed in 2021 in a merger between ride-hailing giant Gojek and e-commerce firm Tokopedia. Read more at straitstimes.com.