Indonesia’s tech giant GoTo soars on market debut

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It’s one of the world’s largest IPOs this year. Indonesia tech unicorn GoTo made a strong debut in Jakarta, closing 13% higher after jumping as much as 23%. The company was formed through the merger of Gojek and Tokopedia in May 2021. However, the IPO comes against the backdrop of a global tech market downturn, not forgetting a rough year for other Southeast Asia tech companies such as Singapore-based Grab and Sea.

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