PT GoTo Gojek Tokopedia Tbk (GOTO) shares closed at Rp65 on Tuesday, October 17, 2023.
This represents a 1.5% decrease from the beginning of the week, a 29.8% drop month-on-month, and a significant 68.4% plunge year-on-year.
Tuesday's closing price marked the lowest level for GOTO shares since their initial public offering (IPO).
At its IPO on April 11, 2022, GOTO shares were priced at Rp338 per share.
This sharp decline has undoubtedly impacted shareholders, particularly those holding substantial GOTO shares.
According to their public disclosure reports, the largest shareholder of GOTO is currently Taobao China Holding Limited.
Taobao, a Chinese online shopping service provider and part of the Alibaba Group, held 8.84% of GOTO shares as of September 30, 2023.
Following Taobao are SVF GT Subco (Singapore) and GoTo Peopleverse Fund, with holdings of 7.73% and 5.92%, respectively.
Among the directors and commissioners, William Tanuwijaya holds the largest stake, with 1.76% as of September 30, 2023.
However, on October 13, 2023, William Tanuwijaya sold 332 million GOTO shares, reducing his ownership to 1.72%, although still the largest among the directors and commissioners.
Excluding the three largest foreign corporate owners, directors, and commissioners, approximately 74.24% of GOTO shares are held by other dispersed shareholders.
Overall, the controlling shareholders held 5.95% of GOTO shares as of September 30, 2023, while non-controlling shareholders held 94.05%.