On April 11th, 2021, GoTo, the merged entity of two of Indonesia's largest startups, Gojek and Tokopedia Indonesia debuted on the Indonesia Stock Exchange (IDX). The price surged at highest to IDR 416 per share, a 23% increase from its initial offering price of IDR 338 before closing at IDR 382 at the end of the trading day (up 13%), with transaction volume of Rp 3.6 trillion from 9.41 million shares.
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GoTo Soars on IDX Debut
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On April 11th, 2021, GoTo, the merged entity of two of Indonesia's largest startups, Gojek and Tokopedia Indonesia debuted on the Indonesia Stock Exchange (IDX). The price surged at highest to IDR 416 per share, a 23% increase from its initial offering price of IDR 338 before closing at IDR 382 at the end of the trading day (up 13%), with transaction volume of Rp 3.6 trillion from 9.41 million shares.