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IPO

Indonesia's GoTo set for $1.1bn IPO on April 11

CEO says listing amid market downturn a 'testament' to its long-term potential

GoTo aims to raise about $1.1 billion in its initial public offering on the local stock exchange on April 11. (Photo courtesy of GoTo)

TOKYO -- Indonesia's largest tech group, GoTo, aims to raise about $1.1 billion in its initial public offering on the local stock exchange on April 11, the company announced Thursday.

The company earlier said the expected listing date was April 4, but pushed the date back by a week to extend its book-building period for the IPO.

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