GoTo Group IPO

Our direct investment GoTo Group has been listed on the Indonesia Stock Exchange since 11 April 2022. The company’s valuation at listing was around USD 28 billion. The IPO raised USD 1.1 billion and the share price rose by up to 23% on its debut on the stock market. The IPO was anticipated to be one of the largest in the whole of Asia this year.

GoTo explained that roughly 30% of the proceeds from the IPO will be allocated to the group as a whole, another 30% specifically to Tokopedia and 25% to GoPay, the company’s digital payment service.

The KOEHLER GROUP had invested in Gojek in 2019 with a valuation of USD 10 billion. The merger with Tokopedia resulted in the KOEHLER GROUP becoming a shareholder of the GoTo Group in 2021.