Jakarta. CNBC Indonesia – The IPO of PT GoTo Gojek Tokopedia Tbk (GOTO) will not only bring money for domestic investors, but also for investors from other countries. One of the foreign investors who benefited was a Hong Kong tycoon named Richard Li.
Quoting The Standard, Richard Li is a tycoon from Hong Kong who invested around US$ 900 million for GOTO. Li invested in GOTO through Tokopedia, a company that is part of the GoTo ecosystem.
Li’s involvement in GOTO’s business development is not without reason. He is said to want to expand his family business to Southeast Asia. Therefore, one of the ways to be taken is to invest in Tokopedia and GoTo as one of the largest technology companies in ASEAN.
Li is the son of Hong Kong business tycoon Li Ka-shing. Li Ka-shing’s fortune as of 2022 is estimated at US$ 36.2 billion.
Li’s investment in companies in Southeast Asia has been going on for the past few years.
According to data from the Indonesia Stock Exchange (IDX), at the close of trading, GOTO’s share price shot up 13.02 percent to Rp 382/unit. Previously, moments after the market opening bell rang, GOTO’s share price touched Rp 416/unit or rose 23.08%.
The transaction value of GOTO shares became the largest on the IDX today, amounting to Rp. 3.67 trillion with a trading volume of 9.4 billion shares which were traded 297 thousand times. The increase occurred after foreign investors bought up Rp 250 billion of GOTO’s shares in the regular market.
Currently, GOTO’s market capitalization is recorded at Rp 452 trillion, ranking in the top four and below the state-owned telecommunications issuer PT Telkom Indonesia Tbk (TLKM) which was recorded at Rp 454.70 trillion and occupies the third position.
(RCI / dhf)
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