SINGAPORE/JAKARTA -- Southeast Asian ride-hailers Grab and Go-Jek must show a path to profitability before going public, say experts, with investors more wary after lackluster IPOs from Uber Technologies and Lyft.
Valuations for Grab and Go-Jek have ballooned above $10 billion over the past year, attracting a host of blue-chip backers including Japan's SoftBank Group, Toyota Motor and Microsoft, as well as Google, Tencent Holdings and JD.com.
