GoTo's Market Capitalization Becomes Third Largest on the Indonesia Stock Exchange (IDX) Today Following its Initial Public Offering (IPO).

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Dzulfiqar Fathur Rahman 11/04/2022 15:10 WIB

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GoTo Gojek Tokopedia Tbk's market capitalization has become the third largest on the Indonesia Stock Exchange (IDX), surpassing Telkom Indonesia Tbk.

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PT GoTo Gojek Tokopedia Tbk made its debut on the Indonesia Stock Exchange (IDX) today, Monday (11/4/2022).

The market capitalization of the decacorn technology company is recorded as the third largest on the Indonesia Stock Exchange (IDX), following PT Bank Central Asia Tbk (BCA) and PT Bank Rakyat Indonesia Tbk (BRI).

GoTo's market capitalization is estimated to reach Rp457.16 trillion as of 2:00 PM WIB. GoTo recorded 1.18 trillion shares, priced at Rp386 per share during that period.

BCA still holds the largest market capitalization. In mid-March 2022, the market capitalization of the bank with the stock code BBCA even exceeded Rp1 quadrillion.

GoTo displaced PT Telkom Indonesia Tbk, which has a market capitalization of Rp451.72 trillion.

From its initial public offering (IPO), GoTo raised Rp15.8 trillion. The company stated that its IPO is the third largest in Asia and the fifth largest in the world in 2022, based on the amount of funds raised.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."