Indonesia's GoTo faces critical challenges after landmark IPO

Enhancing competitiveness, turning profits among keys to expanding investor base

20220413 GoTo

GoTo's debut on the Indonesia Stock Exchange has stoked pride in the Southeast Asian country. (Photo courtesy of GoTo)

NANA SHIBATA, ISMI DAMAYANTI and KENTARO IWAMOTO, Nikkei staff writers

TOKYO/JAKARTA -- Despite global headwinds facing tech stocks, Indonesia's largest startup GoTo Group made a steady start as a public company, with shares rising 13% in their market debut on Monday.

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