PYPL - Indonesia's GoTo is said in talk to raise as much as $2B ahead of public listings

Miguel Vidal/iStock Editorial via Getty Images Indonesia's GoTo, the Internet company created through the merger of ride-sharing firm Gojek and e-commerce co.  Tokopedia in May, is said in talks to raise as much as $2B ahead of public listings at home and in the U.S. GoTo has started talks to raise $1B-$2B at a valuation of $25B-$30B, according to a Bloomberg report. GoTo is planning an IPO in Indonesia this year before it lists in the U.S. GoTo was last valued at $18B, according to the report. GoTo investors include Alibaba (BABA), Tencent (TCEHY), and Visa (V). The potential fundraising news comes after Southeast Asia’s leading superapp Grab Holdings (GRAB) agreed to a deal in April to go public through SPAC Altimeter Growth (AGC) in a transaction that valued Grab at almost $40B. In addition, last week Peter Thiel-backed SPAC Bridgetown 2 (BTNB) confirmed a deal to take Singapore's PropertyGuru public. Also

For further details see:

Indonesia's GoTo is said in talk to raise as much as $2B ahead of public listings