IPO exit path in Indonesia now hinges on GoTo’s upcoming debut, say investors

IPO exit path in Indonesia now hinges on GoTo’s upcoming debut, say investors

Clockwise from top-left: Christian Sugiarto, Managing Director and CIO, Capsquare Asia Partners; Gary Khoeng, partner at Vertex Ventures SE Asia and India; Harold Ong, Partner, Indies Capital; Michelle Teo, Managing Editor, DealStreetAsia

The anticipated initial public offering of Indonesian tech behemoth GoTo — created by the merger of Gojek and Tokopedia — is seen to play a significant role in determining the IPO-led exit landscape for risk capital investors amid market volatility.