KOMPAS.com – PT GoTo gojek Tokopedia Tbk has announced plans for an initial public offering or Initial Publik Offering (IPO) on the Indonesia Stock Exchange (IDX) on Monday (15/3/2022).
GoTo plans to launch the Gotong Royong Program to provide opportunities for driver-partners, merchantsactive and loyal consumers, and all employees to get the economic benefits of the IPO.
With this program, the drivertraders, consumers, and employees will be given priority to order GoTo shares during the initial public offering.
This is good news for consumers and traders from Gojek, Tokopedia and GoTo Financial.
Also read: 5 Facts about GoTo’s IPO
Allocation of 4.3 billion shares
Reported from Kompas.com (16/3/2022), the allocation of shares that can be ordered by consumers and traders is 4.3 billion Series A shares.
The existence of this share allocation makes traders and consumers in the GoTo ecosystem have priority in owning GoTo shares at an offering price.
“The fixed share allocation for the Consumer and Merchant Program is part of the fixed allotment portion,” GoTo management wrote on the Prospectus, Wednesday (16/3/2022).
This program is a form of appreciation to consumers and merchants for their loyalty for contributing to the progress of the GoTo ecosystem.
Consumer and merchant criteria
The criteria for traders who get priority for GoTo shares during the IPO is seen from the length of time they have joined the GoTo ecosystem and their activity.
Meanwhile, GoTo consumers will be seen from their loyalty to the system loyalty on Gojek and Tokopedia, namely GoClub and Toko Rewards.
In the future, the fixed allotment shares allocated to participants are not mandatory. So if there are remaining shares that are not taken by the participants, they will be offered to the public.
In addition to traders and consumers, GoTo also gives shares to Gojek driver partner in the Gotong Royong Share Program.
Also read: Gojek and Tokopedia’s Journey to Merger to Become GoTo
Reported from Kompas.com (16/3/2022), Gojek driver-partners will have the opportunity to become shareholders of GoTo.
Later, the selected Gojek driver partners will be given the option to choose/accept GoTo shares or cash.
For information, GoTo will give its shares to 600,000 driver partners in the Gotong Royong Program.
This program will be prioritized for Gojek partners who have active, loyal criteria and have been active members for a long time.
However, the Mutual Cooperation Shares Program will be implemented after the company has officially become a public company and has received an effective statement from the Financial Services Authority (OJK).
Then, for the GoTo IPO announcement, GoTo President Director Andre Soelistyo said that his party would inform Gojek driver partners through the Gojek application.
“Regarding this program, we will inform partners in further details” driver, merchantand selected consumers through the GojekTokopedia application, GoBiz or email throughout the day,” said Andre at the Due Diligence Meeting and Public Expose Initial Public Offering, Tuesday (15/3/2022).
Driver comments gojek related to this program
One of the Gojek 001 driver partners, Mulyono, said he would choose GoTo shares as a form of ownership of the company.
“For now, I might choose GoTo. At least we have Gojek,” he said when contacted by Kompas.com via Instagram, Wednesday (16/3/2022).
He is gojek driver partner the first to have joined since August 2010 and is still active today.
Mulyono expressed his gratitude to the company for inviting Gojek driver-partners to participate in owning the company in the form of shares.
“Of course, thanks to GoTo for paying attention to its partners,” he said.
Reported from Kompas.com (17/3/2022), a Tokopedia consumer with a Gold Level named Wahyudi said that he had received an offer to order GoTo shares.
The offer was known through the Tokopedia application notification.
“I got it this morning. I got it from Tokopedia,” he said when contacted by Kompas.com on Wednesday (16/3/2022) night.
The notification states that he can buy GoTo shares for IDR 316 to IDR 346 per share.
In addition, in the notification, he can also order up to 28 lots of shares or the equivalent of 2,800 GoTo shares.
However, Wahyudi did not take the offer, because he had already ordered GoTo’s shares in securities.
“I did not take a definite allocation from Tokopedia. Because I prefer the initial offering period of securities. I hope to get a larger portion than what Tokopedia offers,” he said.
(Source: Kompas.com/Isna Rifka Sri Rahayu | Editors Aprillia Ika, Erlangga Djumena, Akhdi Martin Pratama)
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