Tag Archives: IPO News

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GoTo is not the only Asian tech company to plummet in valuation after its public launch.In the most recent waves hitting global tech startups, Indonesia’s GoTo has lost about 70% of its valuation since its IPO in April. The startup company was one of the 11 companies that raised over $500 million from its maiden share sales. At the time, GoTo was Asia’s third-largest IPO startup, after generating approximately $1.1 billion. For about 10 consecutive sessions, the value of GoTo Group shares has...

GoTo is the worst large tech IPO of 2022 after plunging for 10 consecutive sessions amid the global selloff.GoTo is the worst of the largest tech Initial Publis Offerings (IPO) this year, according to reports. The shares of the Indonesian startup plunged for 10 consecutive sessions as fears regarding an expiring lock-up heated up. GoTo’s post-IPO stock selloff makes it the worst-performing company among 11 internet and tech-inclined platforms that generated over $500 million in IPO listings...

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