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Bloomberg
PT Go-Jek Indonesia PT could become the country’s first-billion dollar startup to hold an initial public offering after the transport and technology company met with the nation’s
equity market.
Executives led by Go-Jek President Andre Soelistyo met with officials from the Indonesia Stock Exchange in Jakarta to discuss an IPO, Tito Sulistio, the bourse’s president, told reporters. While the company is “very serious†about the IPO, there was no specific timeframe, Soelistyo said.
Go-Jek, with backers including Google and KKR & Co., has evolved from an app to book ride-sharing on motorbikes to a way to pay bills, order food, organise a makeover and buy movie tickets.
The company recently raised funds from investors including Google, Temasek Holdings Pte and PT Astra International and was valued at $1.8 billion by CB Insights in 2016.