Latest Rumor: GoTo to Go IPO in March-April

Summary

GoTo Group's initial public offering (IPO) is getting closer. A D-Insights source revealed that the giant technology company plans to go public in March-April 2022, using its financial statements in the third quarter of 2021.

"Until the end of last year, we did not use any limited review of the latest financial statements because we did not plan to offer it to investors outside Indonesia. The use of limited review is a requirement if you want to offer shares to investors on the US stock exchange," the source explained. D-Insights tried to confirm this to GoTo spokesperson Nila Marita, but she did not answer until this news was released. We also asked the Director of Corporate Valuation of the Indonesia Stock Exchange (BEI) I Gede Nyoman Yetna, but he was also reluctant to respond.

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