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GoTo
Broker's Calls
Grab receives a more bullish call from Aletheia Capital; takeover of GoTo reiterated
From its April 2022 IPO price of 338 rupiah, GoTo’s shares initially hit as high as 442 rupiah before dropping to 114 rupiah
January 24, 2023
Digital Economy
GoTo assures investors it has enough cash to reach profitability
Shares of GoTo have suffered as a lockup on its major shareholders’ stakes expired at the end of November
December 08, 2022
Broker's Calls
Alētheia Capital initiates coverage on GoTo with call to 'sell', cites cash crunch ahead
Analyst Nirgunan Tiruchelvam says GoTo is facing a cash crunch — it has lost over half of its IPO value since listing in March.
December 08, 2022
IPO
Indonesian startup GoTo is world's worst large size tech IPO this year
Other recent big tech listings from Southeast Asia have also tumbled amid a slump in peers shares globally.
December 02, 2022
Digital Economy
GoTo shares fall to record low as major holders' lock-up expires
GoTo shares are down 55% from its IPO
November 30, 2022
Broker's Calls
GoTo's valuation more reasonable, UOBKH upgrades to 'hold' with lower TP
GoTo's reduction in promotion to customers is the first step in the right direction, the analyst says.
November 25, 2022
Digital Economy
Indonesia's GoTo joins global tech cuts in slashing 1,300 jobs
GoTo says “it must accelerate its progress towards becoming a truly sustainable and financially independent business"
November 18, 2022
Tech
GoTo in talks with Alibaba, SoftBank for US$1 bil stake sale
The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur.
October 20, 2022
Broker's Calls
Deutsche Bank initiates 'buy' call on GoTo, dismisses financing worries
The analyst believes that the market worries about GoTo’s financing requirements are overdone.
October 20, 2022
Broker's Calls
Macquarie initiates coverage on GoTo with 'outperform' call, forecasts 22% upside
“We forecast robust gross revenue uptick for its key segments.”
September 27, 2022