Shares of Indonesia Tech Firm GoTo Slide to IPO Price Level

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JAKARTA. Shares of Indonesia's largest tech firm PT GoTo Gojek Tokopedia Tbk (GOTO) closed 5,59% lower at 338 rupiah per share on Wednesday. Returning to its IPO price and triggering a stabilisation measure on its seventh day trading.

GoTo had risen as much as 1,67% earlier on Wednesday before erasing its gain. The firm debuted last week after raising US$ 1,1 billion in the world's fifth-largest initial public offering this year, selling only 4% of its shares.