JAKARTA (Reuters) – Shares of GoTo rose 18% in debut trading on Monday after Indonesia’s largest tech company raised $1.1 billion in a widely anticipated IPO amid a booming local share market.
GoTo had priced its shares at 338 rupiah ($0.0235), the high end of an indicative range, for Indonesia’s second-largest IPO.
($1 = 14,360.0000 rupiah)
(Reporting by Stefanno Sulaiman in Jakarta and Fanny Potkin; Editing by Muralikumar Anantharaman)
