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IPO

Indonesia's GoTo bags $400 million from Abu Dhabi ahead of IPO

Investment part of fundraising round said to be targeting total of $1.5bn

Abu Dhabi Investment Authority sees promise in Indonesia's GoTo. (Source photos by GoTo Group/AFP/Jiji and screenshot from ADIA's website) 

JAKARTA -- Indonesia's largest private tech company GoTo has bagged $400 million from Abu Dhabi Investment Authority, the sovereign wealth fund owned by the Emirate of Abu Dhabi, ahead of its anticipated initial public offering.

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