GoTo Group IPO

Our direct investment, GoTo Group, has been listed on the Indonesian Stock Exchange since April 11, 2022. The company’s valuation at the time of listing was approximately $28 billion. The initial public offering (IPO) raised $1.1 billion, and the stock rose by as much as 23% on its market debut. The IPO is expected to be one of the largest in Asia this year.

GoTo stated that approximately 30% of the IPO proceeds will be allocated to the entire group, another 30% specifically to Tokopedia, and 25% to GoPay, the company’s digital payment service.

In 2019, the KOEHLER GROUP had invested in Gojek at a valuation of $10 billion. Through the merger with Tokopedia, the KOEHLER GROUP became a shareholder of the GoTo Group in 2021.