All Eyes on GOTO's Dual Listing Breakthrough

By Editorial Team 03/07/2023
IPO business process
Summary

PT GoTo Gojek Tokopedia Tbk's (GOTO) General Meeting of Shareholders (RUPS), held on Jun 30, approved the delegation of authority to the board of commissioners for an international initial public offering (IPO) or dual listing through Dec 31, 2023. The decision allows GOTO to dual list a maximum of ten percent of its shares.

The dual listing plan was initially introduced during the shareholder meeting in Dec 2021. Then, during the shareholders' meeting on Jun 28, 2022, GOTO received approval to extend the delegation of authority to the board of commissioners, valid until Jun 28, 2023.

However, international IPO implementation is subject to global market conditions and various factors, necessitating new approval from shareholders. Apart from the dual listing, GOTO's shareholders also approved additional capital raising through a private placement.

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