Jakarta, March 21, 2021—PT GoTo Gojek Tokopedia Tbk (“GoTo'' or “the Company”), Indonesia’s largest digital ecosystem, today annnounced that it will extend the bookbuilding period for its initial public offering (IPO). The extension will be introduced to allow more merchants and consumers to take up the allocation of IPO shares the company has set aside for them under its Gotong Royong Share Program. The period, originally scheduled to take place between March 15-21, will now be extended for three days until Thursday, March 24, 2022, to provide merchants and consumers from the Gojek, Tokopedia, and GoTo Financial platforms, with more time to participate in the Program.
Koesoemohadiani, GoTo’s Corporate Secretary said, “There has been a great response from consumers and merchants who have received a fixed allocation through the Gotong Royong Share Program so far, and with this extension, we aim to ensure that everyone who wants to participate has enough time to do so. This is particularly important given that the Gotong Royong Share Program is the first of its kind in Indonesia’s capital market, and our consumers and merchants may therefore need more time to better understand the order mechanism, consider their investment decisions, and submit their orders.”
“The IPO is just the beginning of GoTo’s next phase of growth. We hope that we can keep growing together with our investors, and continue to empower progress for GoTo’s ecosystem, the digital economy, and Indonesia’s capital market.”
Ordering shares through the Gotong Royong Share Program can be done via three partner investment platforms—IPOT (IndoPremier Sekuritas), Trima (Trimegah Sekuritas), and Paham (Nilai Inti Sekuritas).
Moelonoto The, President Director of PT IndoPremier Sekuritas said, “GoTo’s decision to launch an IPO during this time shows its confidence in the resilience of Indonesia’s capital market and the conducive macroeconomic conditions in the country. The IPO is a significant one for the whole of Indonesia as GoTo is the country’s largest digital ecosystem, and a symbol of the country’s commitment to business growth and innovation.”
The Gotong Royong Share Program will provide the Group’s most active, long-serving and loyal driver-partners, merchants and consumers, as well as employees, with the opportunity to benefit from the IPO. Under the program, all full time employees have been made participants in the Group’s Long-Term Incentive Plan, long-serving driver-partners are set to receive grants, while the most loyal merchants and GoTo Group consumers will be eligible to purchase shares via a fixed allocation at IPO.
Consumers and merchants who are eligible for the Gotong Royong Share Program will receive a notification inside their Gojek, Tokopedia or GoBiz apps.
The public offering is targeted for the first week of April 2022, following this extension of the bookbuilding period to March 24, 2022.
Further information on the Gotong Royong Share Program can be accessed through the following link: https://gotocompany.com/sahamgoto.
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About GoTo
PT GoTo Gojek Tokopedia Tbk (GoTo Group) is the largest digital ecosystem in Indonesia. GoTo's mission is to "empower progress" by offering technology infrastructure and solutions that help everyone to access and thrive in the digital economy. The GoTo ecosystem consists of on-demand services (mobility, food delivery, and logistics), e-commerce (third party marketplaces + official stores, instant commerce, interactive commerce, and rural commerce), and financial technology (payments, financial services, and technology solutions for merchants) through the Gojek, Tokopedia, and GoTo Financial platforms.
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Corporate Affairs, GoTo
