Jakarta, CNBC Indonesia – Driver partners and traders of PT GoTo Gojek Tokopedia Tbk. (GOTO) is entitled to shares in the company worth Rp 310 billion. This obligation makes each GOTO partner entitled to pocket company shares worth around Rp. 1.55 million at the time of the initial public offering (IPO).
The share ownership of GOTO’s driver-partners and traders is realized thanks to the company’s Gotong Royong Stock Program. This program is GOTO’s way of giving free shares to all loyal and qualified driver-partners in Indonesia.
Drivers who have been registered as partners since 2010 – 2016 have the opportunity to receive 4,000 shares of series A GoTo. Meanwhile, Gojek driver partners who joined above in 2017 will get 1,000 shares or Rp. 338,000.
During the IPO, GoTo released 40,615,056,000 shares at a selling price of Rp. 338/unit. The company then reaped funding of Rp 13.7 trillion. GOTO’s market capitalization value reaches IDR 400 trillion and is included in the top 4 public companies with the largest market cap in Indonesia.
In today’s trading, GOTO’s shares were recorded at the level of 366 per unit until the pause period. If this number is multiplied by the number of shares owned by partners for the 2010-2016 period of 4 thousand shares, then each driver/trader now has GOTO shares worth Rp 1.46 million.
President Joko Widodo (Jokowi) online once appreciated the distribution of shares to Gojek driver partners, through the Mutual Cooperation Shares Program.
“I congratulate PT GoTo Gojek Tokopedia Tbk on the implementation of the IPO on the Indonesia Stock Exchange. I also appreciate the inclusive mutual cooperation program and open hundreds of thousands of access for driver partners, MSME partners and consumers,” said Jokowi.
(hps / hps)
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