Jakarta, CNBC Indonesia – The initial public offering (IPO) conducted by PT GoTo Gojek Tokopedia is said to have received a positive response from investors in Indonesia. This can be seen from the increasing number of IPO participants during the GoTo IPO book building period.
One of the reasons for the increase in the number of participants was the President Director of PT Stockbit Sekuritas Digital Megawati Andrew Soewardi. He said, Stockbit users enthusiastically welcomed GoTo’s corporate action, which is planned to be officially listed on the stock exchange next week.
“As a platform that provides e-IPO features for its users, Stockbit has facilitated the IPO process of several companies before, where users can be said to be quite enthusiastic. The increase in the number of users of the e-IPO feature has also increased from time to time,” Megawati told CNBC Indonesia. , Monday (4/4/2022).
According to him, investor participation in the initial GoTo IPO offering period was higher than the previous book building period. The increase in participation even reached 600%.
“When compared to the average number of users who participated in the book building period of other companies previously, the number of users who participated in the book building period of PT GoTo Gojek Tokopedia Tbk. rose significantly at 600%,” he said.
Stockbit believes that the increase in the number of investors participating in the initial offering period is also due to the introduction of the e-IPO feature. In the future, the existence of the e-IPO feature is expected to bring more investors to participate in the company’s IPO.
“With all stages of the e-IPO that can be directly monitored on the Stockbit application without having to switch applications and the process is 100% online, this is our commitment to opening and expanding Indonesian people’s access to the capital market,” he said.
On a separate occasion, Samuel Sekuritas’ Head of Research, Suria Dharma, said that technology stocks are starting to attract investors’ enthusiasm. This interest began to appear since last year.
GoTo’s plan to enter the exchange, although with a smaller IPO value, but in terms of market cap is very large. GoTo offered 46.7 billion series A shares at a price of Rp. 338/share, which means the total funds obtained reached Rp. 15.8 trillion, still lower than BUKA.
However, in terms of valuation at the time of the IPO, GoTo’s market capitalization value was much larger, reaching Rp. 400.3 trillion, while BUKA at that time was only around Rp. 87 trillion. This is also closely related to the different state of the two startups.
“So in the future GoTo will become a benchmark for other technology stocks. If it succeeds, of course, more people will be interested in technology stocks,” Suria told CNBC Indonesia last week.
With the current market capitalization position or market cap, GoTo’s market cap can already enter the ranks of a market cap above Rp 100 trillion, aka big cap. GoTo’s market cap has surpassed PT Bank Mandiri Tbk (BMRI) which is currently around Rp 364 billion. “If the price goes up after the IPO, then GoTo’s market cap will be even bigger,” added Suria.
(hps / hps)
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