Stocks of Indonesia’s GoTo fall as little as 5.6% to hit IPO value

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JAKARTA, April 20 (Reuters) – Stocks of Indonesia’s biggest tech company PT GoTo Gojek Tokopedia Tbk (GOTO.JK) fell up to 5.59% to 338 rupiah in step with proportion, hitting its IPO value, on its 7th day buying and selling on Wednesday.

The stocks rose up to 1.67% previous in Wednesday’s consultation prior to erasing its acquire. GoTo debuted final week after elevating $1.1 billion in an preliminary public providing (IPO), the arena’s fifth-largest IPO this 12 months, via promoting best round 4% of its stocks. learn extra

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Reporting via Stefanno Sulaiman; Enhancing via Martin Petty

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