This weekly newsletter chronicles top digital themes and trends playing out in SE Asia, especially Indonesia. We will decode policy and regulatory changes affecting digital economy sectors, crunch earnings data of top players, track developments related to gig economy workers and attempt to piece together ecosystem buildouts in some of the fastest-growing, venture-backed plays. You can access the previous editions of the Vantage Point weekly posts here.
Executive Summary
- GoTo’s US listing may not be a runaway success
- The big picture: Cinema XXI’s IPO comes at an opportune time
- Profitability, and sustainability make eFishery attractive to investors
- Digital Banks continue to show strong growth
GoTo’s US listing may not be a runaway success
It should come as no surprise that GoTo has obtained shareholders’ approval for all proposed AGM and EGM agendas, including approval for the extension of authority to the board of commissioners for the issue of new shares related to an international IPO.
GoTo had already obtained shareholders’ approval to conduct an international IPO in December 2021, with a capital increase without pre-emptive rights or private placement of up to 10% of its total issue and paid-up capital.
The shareholders have also delegated authority to the board of commissioners to approve the issuance of shares for an international IPO.
