Officially Taking the Floor, GOTO Shares Soared 17 Percent to Reach 400


GOTO Shares Soar 17 Percent to 400 – As soon as PT GoTo Gojek Tokopedia Tbk was officially listed on the Indonesia Stock Exchange (BEI), GOTO's share price soared 65 points or 17% to reach 400. Current share movements, on the other hand, are characterized by strong volatility in the 380-390 area.

RTI Business monitoring, the issuer code GOTO touched level 405 at 09.05 WIB on Monday (11/4/2022). However, the price fell to level 376 at around 09.15 WIB.

GOTO Stock Skyrockets

GOTO Stock Skyrockets

Meanwhile, the number of shares GOTO traded reached 3.27 trillion with a transaction value of IDR 1.29 billion. The stock is still far from the Upper Auto Rejection (ARA) limit in terms of price fluctuations.

The Indonesia Stock Exchange (BEI) will officially conduct an initial public offering (IPO) today (Monday, November 4 2022) for this issuer with the code GOTO. The stock code GOTO will become the 15th company listed on the IDX in 2022 for this prospective issuer.

The publisher, according to the e-IPO site, is GoTo Gojek Tokopedia. It offers a digital platform that combines on-demand services, e-commerce, and solutions finance.

GOTO's goal is to 'Drive Progress' for clients, including consumers, merchants and driver-partners, within the Company's ecosystem.

As stated in the company's philosophy, "Gotong Royong," and in its tagline, "if you want to go far, go together," GOTO utilizes technology and innovation to achieve its goals.

GOTO Share Price Soars

In this IPO, GOTO set the IPO price at IDR 338 per share from the previous range of IDR 316-346 per share.

Based on IDX announcement data, GOTO is recorded as having issued 40.61 billion shares to the public, effectively raising new funds of IDR. 13.72 trillion.

Just to name another company, GOTO has a market valuation of IDR 400.31 trillion, making it the fourth largest issuer on the IDX after PT Telkom Indonesia Tbk (TLKM).

The number of shares ordered by investors reached 55.54 billion during the public offering period. Thus, GOTO's IPO was oversubscribed, aka 14.92 billion shares.

In addition, GOTO faced oversubscription and was oversubscribed up to 15.7 times. In fact, the first number of shares to be distributed is only 3.43 percent of all existing shares.

GOTO IPO underwriter Indo Premier Sekuritas said it received a record-breaking number of investor registrations, with more than 299,000 individual investor identification numbers (SIDs) registered.


Below we have summarized some frequently asked questions about GOTO shares, as follows:

Why Did GOTO Stock Fall?

Head of Research at Jasa Utama Capital Sekuritas Cheryl Tanuwijaya said, one of the causes of the decline in GOTO share prices was because many investors sold them due to a number of negative sentiments. These negative sentiments included high inflation and the Fed's aggressive increase in interest rates.


Shares of PT GoTo Gojek Tokopedia Tbk jumped 17% to $400 as soon as they were listed on the stock exchange. The issuer code GOTO reached level 405 at 09.05 WIB, Monday (11/4/2022).

However stock price had dropped to level 376 at around 09.15 WIB. The number of GOTO shares traded reached 3.27 trillion with a transaction value of IDR 1.29 billion.

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Hi, let me introduce myself, Lutfi Hulasoh, I am a writer and techno blogger. I started creating a personal blog writing informative articles about the latest trends and developments in technology. My writing covers a wide range of topics, from mobile applications to artificial intelligence, and I can also provide easy-to-understand explanations to help readers understand complex concepts.