Rancakmedia.com – In the article below we will discuss the facts and price of GoTo's initial IPO shares, for those of you who don't know about it, you can see the article below until it's finished.
Who is interested in buying GoTo's initial public offering (IPO) shares? The initial public offering (IPO) book development period has ended. Now it's just waiting for the public offering period which will take place from 1 to 5 April 2022.
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GoTo IPO Share Price
GoTo will issue an additional 48 billion Series A shares, with a maximum increase to 52 billion new shares if needed. Upon completion of the IPO, this represents up to 4.35 percent of the company's issued and paid-up capital (not including additional shares from the over allotment or greenshoe option).
GoTo's IPO price range is IDR 316-IDR 346 per share. If the numbers are correct, GoTo can make a profit of around Rp. 15.2 trillion. The extra greenshoe potential is estimated at around Rp. 2.3 trillion.
Over Allotment Option for Price Stabilization
The company, which stands for Gotong Royong, uses the greenshoe method or a larger allotment. At the offering price, the underwriter can allocate up to 7.8 billion Series A shares of GoTo's treasury stock.
To clarify, greenshoe options are tools used by underwriters to keep stock prices stable. The revenue earned from selling more shares will later be used to keep the price stable.
The solution is for GoTo to buy stock on the secondary market through a stabilization agent, making sure the stock price doesn't fall below the offering price.
GoTo IPO Market Capitalization Will Reach IDR 400 Trillion
GoTo's IPO will increase the company's market capitalization from IDR 376.6 trillion to IDR 413.7 trillion. PT Bank Mandiri (Persero) Tbk or BMRI has a market capitalization of IDR 359 trillion, larger than the market capitalization of PT Bank Mandiri (Persero) Tbk or BMRI (based on IDX data).
GoTo's combined valuation of these transactions is now USD 17 billion or around Rp. 243.1 trillion (exchange rate of IDR 14,300 per USD).
GoTo IPO April 7th
The book-building period for GoTo's IPO has ended. GoTo's next IPO public offering will take place April 1 to 5, 2022.
The public offering period is when the share price given is final or final, and the general public can buy GoTo IPO shares through a securities company or e-IPO.
Meanwhile, on April 7 2022, PT GoTo Gojek Tokopedia Tbk's shares will be listed on the IDX's main board.
The joint lead underwriters or joint lead underwriters for GoTo's IPO are PT Mandiri Sekuritas, PT Indo Premier Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk.
600 Thousand Drivers Get Free GoTo IPO Shares
Gojek drivers get GoTo shares, a total of 919,543,700 Series A shares will be sold specifically to around 600 thousand driver partners in Indonesia who meet certain criteria, according to the GoTo prospectus received through the GoTo e-IPO.
Here are some of the criteria:
- The category of services provided by driver-partners
- Driver-partner registration period as the company's driver-partner.
- How is the involvement of the driver partners ahead of the IPO; and
- Company driver partner status, which will be notified on or around the Recording Date.
SSA (Salam Satu Aspal Limited), one of GoTo's shareholders, gave this award through a public offering. Free, with a nominal value of IDR 1 per share, given to driver partners.
After the IPO, GoTo IPO shares will be distributed to driver-partners with a maximum of 0.08 percent of the issuer's issued and paid-up capital.
This share award is given by the company as a token of appreciation to driver partners for their continued contribution to the success of GoTo's business.
There is a Gotong Royong Stock Program
Consumers and traders on the GoTo platform will also be given an allotment of GoTo IPO shares, in addition to drivers. Consumers and merchants who buy GoTo's IPO shares at the offering price will receive up to 4.3 billion Series A shares.
The Gotong Royong Share Scheme is a fixed share allocation program that enables eligible GoTo consumers and merchants to participate in the long-term development of GoTo.
Below we have summarized some frequently asked questions about GoTo's stock price, as follows:
What was GoTo's share price at IPO?
This technology issuer's share price movement was slightly adrift from the price at the IPO of Rp. 228 per share. GoTo officially launched on the stock exchange floor on April 11 2022 by raising fresh funds of up to IDR 13.73 trillion.
GoTo IPO shares in April 2022, Gojek and Tokopedia companies will be listed on the Indonesia Stock Exchange (IDX). The price range for GoTo is IDR 316 to IDR 346 per share. The initial public offering (IPO) book development period has ended.
GoTo's next IPO public offering will take place from April 1 to 5, 2022. 600,000 drivers meet certain criteria to be included in the company's initial public offering (IPO), according to GoTo's prospectus received via GoTo's e-IPO.