Upon completion, Grab's plan is to list on the NASDAQ using the ticker symbol GRAB.
I see this as a threat to Sea Limited's ( NYSE:SE) Shopee e-commerce business, which has already been losing market share to Tokopedia.Ĭombining Gojek and Tokopedia will also allow GoTo Group to take on larger rivals such as Grab, which is based in Singapore and also looking to complete a SPAC with Altimeter Growth Corp ( NASDAQ:AGCU.U) later this year. Combining forces makes sense, and it can unlock tremendous operational advantages. NameAsset typesOption trade feeAnnual.Sofi InvestStocks, ETFs, CryptocurrencyN/A0PromotedRobinhoodStocks, Options, ETFs, Cryptocurrency00Vanguard Personal AdvisorStocks, Options, Mutual funds, ETFsN/A20 pe. Indonesia is a large, complex archipelago of 17,508 islands, which creates a logistical nightmare for businesses like Gojek and Tokopedia. The Southeast Asian total addressable market is expected to triple to $309 billion by 2025, and $124 billion of that TAM is represented by Indonesia.Ĭombining Gojek and Tokopedia will create a tech giant comprisingĪn estimated 119 million Indonesians live in rural areas. Company profile page for Tokopedia PT including stock price, company news. Indonesia offers tremendous growth opportunities. PT Tokopedia, the online marketplace backed by the SoftBank Vision Fund and. Tokopedia is one of four Indonesian Unicorns that have been growing but are not yet profitable the others being Gojek, Bukalapak, and Traveloka. (AGC) stock surged by 1.45 at the last trading close while the AGC stock price continued to rise by 9.61 in the pre-market trading session. Interested investors can learn more at this link. Which way Tokopedia decides to jump could act as a test case for other Asian tech businesses with designs on a stock market listing. Tokopedia stock may appeal to investors seeking exposure to Indonesias. Private Company: Tokopedia Shares of BTWN stock got a boost this week on news of a SPAC merger with Tokopedia. That's right, Indonesia has its very own decacorn - a start-up unicorn with a valuation of more than $10 billion. The SoftBank Group (ticker: SFTBY) venture arm has been invested in Tokopedia. The company said 61.31 of the funds raised were used to acquire PT Softorb Technology Indonesia (STI), a company specializing in smart card and RFID systems, as well as cashless payments in locations like highway toll booths.
This historic merger marks Indonesia's largest business deal. Cashlez is the first fintech startup to be publicly listed in Indonesia, debuting on May 4 under the stock ticker CASH.
GoTo plans to complete an IPO in 2021, which will be listed in Jakarta and the United States, with an expected valuation between $35 and $40 billion. Follow a CNBC Disruptor 50 company, and e-commerce player Tokopedia recently announced a merger to create the GoTo Group.