JAKARTA -- GoTo, Indonesia's largest private tech company, is looking to raise up to 17.9 trillion rupiah ($1.25 billion) in an initial public offering that will likely prove a test amid a battering Southeast Asian tech stocks have taken in recent weeks.
GoTo, formed as a result of a merger between Indonesian superapp provider Gojek and local e-commerce company Tokopedia, on Tuesday said in a prospectus it is offering shares at 316 rupiah to 346 rupiah. The scheduled listing on the Indonesia Stock Exchange is April 4.
