TOKYO/JAKARTA -- Shares in Indonesian superapp GoTo rose 13% on their first day of trading Monday after giving up stronger early gains, as doldrums in Southeast Asia's tech sector have sapped investor demand.
GoTo's stock price touched 412 rupiah a share in the opening minutes on the Indonesia Stock Exchange, jumping 21% above its initial public offering price of 338 rupiah per share, before closing at 382 rupiah.
