Indonesia's Tokopedia speeds IPO plan, selects advisers

E-commerce unicorn weighs working with acquisition specialist

20201217 tokopedia logo

Tokopedia appointed U.S. banks Morgan Stanley and Citibank to advise it on its initial public offering. (Photo by Dimas Ardian)

SHOTARO TANI, Nikkei staff writer

JAKARTA -- Indonesian e-commerce company Tokopedia has appointed U.S. banks Morgan Stanley and Citibank as advisers for its initial public offering as it seeks to expedite plans to go public.

The move comes as interest in Southeast Asia's biggest tech companies grows along with the region's digital economy and the rise to stardom of Singapore-based Sea, which is listed on the New York Stock Exchange.

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