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The company’s stock finished its first day of trading with a 13% gain at 382 rupiah per share. Formed from the merger of Indonesian unicorns Gojek and Tokopedia, the combined entity managed to raise 15.8 trillion rupiah from 300,000 investors, a record for the highest number of investors for an IPO in Indonesia.
GoTo also reached a market cap of 400.3 trillion Rupiah which makes it the fourth-largest listed company in Indonesia after telecommunication giant Telkom Indonesia.
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