In October, GoTo had said it was working with pre-IPO shareholders to explore a coordinated secondary offering of their shares before the lock-up expired.
While the stock has ticked lower most of the year, GoTo shares sold off after pre-IPO shareholders opted out of a secondary offering following the lock-up expiration on Nov. 30.
GoTo Group is the merged entity between Indonesia's two largest tech companies: ride-hailing giant Gojek and e-commerce marketplace Tokopedia. Early investors such as SoftBank and Alibaba had agreed to an eight-month lock-up period to support GoTo's stock price following its IPO.working with pre-IPO shareholders to explore a coordinated secondary offering of their sharesHowever, that did not work out.
The stock fell by 7% to 141 rupiah on Thursday and continued to drop in Monday trading. It was last seen trading near 123 rupiah, giving the company a valuation of about 126 trillion rupiah.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
No. 4 Ohio State opens Big Ten play with 82-70 win at RutgersDespite inconsistent play in the second half, No. 4 Ohio State opened its Big Ten schedule with an 82-70 win over Rutgers.
Consulte Mais informação »
Tony Waldrop, former University of South Alabama president, dies at 70Waldrop served as president of USA from 2014 to 2021. He was 70.
Consulte Mais informação »
A key to lizard evolution was buried in a museum cupboard for 70 yearsThe discovery potentially shows that today's lizards likely originated in the Late Triassic period (about 200 million years ago).
Consulte Mais informação »
Take over 70% off this smile-enhancing toothbrush kitSmile! Savings ahead.
Consulte Mais informação »
Dr. Tony Waldrop, former President of South Alabama, dead at 70Dr. Tony Waldrop, former President of The University of South Alabama, has died at the age of 70.Dr. Waldrop was the third president of USA, having served from
Consulte Mais informação »