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    GOTO   ID1000166903

PT GOTO GOJEK TOKOPEDIA TBK

(GOTO)
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End-of-day quote INDONESIA STOCK EXCHANGE  -  2022-06-26
394.00 IDR   +0.51%
06/07USS Networks announced that it has received funding from Salt Ventures Indonesia, PT GoTo Gojek Tokopedia Tbk, OCBC NISP Ventura
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06/06Gojek CEO resigns to join parent GoTo's board of commissioners
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05/30Indonesian tech firm GoTo's net loss widens to 22.43 trln rupiah in 2021
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Indonesia tech firm GoTo seeks approval to issue up to 118.44bln shares

05/24/2022 | 07:50am EDT
FILE PHOTO: Gojek driver helmets are seen during Go-Food festival in Jakarta

JAKARTA, May 24 (Reuters) - Indonesia's biggest tech company PT GoTo Gojek Tokopedia Tbk is seeking approval to issue a maximum amount of 118.44 billion of shares worth around 10% of its total capital through a private placement.

The private placement will be put forward for shareholder approval at GoTo's annual general meeting on June 28th, it said in a disclosure to the Indonesia's stock exchange on Friday.

A GoTo spokesperson said on Tuesday the move is administrative and has been highlighted in its IPO prospectus.

"It is common market practice in Indonesia to carry out an annual administrative process that renews previously granted approval for the option to conduct non-preemptive issuances. It does not mean we intend to carry out such an issuance at this point in time."

The tech company seeks to raise funds to support its own working capital and for its subsidiaries like its e-commerce unit Tokopedia, according to the statement.

The price of the new shares shall be at least 90% of the average closing price of GoTo's shares for 25 consecutive trading days prior to the date of application for the additional shares, it said.

Shares of GoTo closed at 304 rupiah per share on Friday or down 10% from its IPO price of 338 rupiah.

GoTo debuted on April 11 after raising $1.1 billion in an initial public offering by selling around 4% of its shares. ($1 = 14,669.0000 rupiah) (Reporting by Stefanno Sulaiman; Editing by Kanupriya Kapoor)


© Reuters 2022
All news about PT GOTO GOJEK TOKOPEDIA TBK
06/07USS Networks announced that it has received funding from Salt Ventures Indonesia, PT Go..
CI
06/06Gojek CEO resigns to join parent GoTo's board of commissioners
RE
05/30Indonesian tech firm GoTo's net loss widens to 22.43 trln rupiah in 2021
RE
05/30Indonesian tech firm goto 2021 net loss at 22.43 trln rupiah, versus 16.74 trln loss a ..
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05/30PT GoTo Gojek Tokopedia Tbk Reports Revenue Results for the First Quarter Ended March 3..
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05/24Indonesia tech firm GoTo seeks approval to issue up to 118.44bln shares
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05/23PT GoTo Gojek Tokopedia Tbk announced a financing transaction
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04/27Shares of Indonesia's GoTo extend fall as analysts warn on tech valuations
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04/20Shares of Indonesia tech firm GoTo slide to IPO price level
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04/20Shares of Indonesia's GoTo fall as low as 5.6% to hit IPO price
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Financials
Sales 2022 9 122 B 0,62 B 0,62 B
Net income 2022 -32 844 B -2,22 B -2,22 B
Net cash 2022 25 397 B 1,72 B 1,72 B
P/E ratio 2022 -19,4x
Yield 2022 -
Capitalization 405 294 B 27 375 M 27 375 M
EV / Sales 2022 41,6x
EV / Sales 2023 26,7x
Nbr of Employees 9 141
Free-Float 56,0%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 394,00 IDR
Average target price 355,40 IDR
Spread / Average Target -9,80%
EPS Revisions
Managers and Directors
Andre A. Soelistyo President Director
Jacky Lo Chief Financial Officer & Director
Garibaldi Thohir President Commissioner
Robert Holmes Swan Independent Commissioner
Dirk van den Berghen Independent Commissioner
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