GoTo Group, an Indonesian “super-app” with 100 million users offering everything from ride hailing, shopping, and entertainment to payments and financial services, is set to expand even more this year. That’s thanks to a planned $1.26 billion IPO this April that’s expected to value the company at nearly $29 billion. Formed last year in a blockbuster merger, GoTo Group previously raised more than $1.3 billion in November from investors looking to ride the wave of Southeast Asia’s rapidly growing digital economy, which is expected to double to $360 billion by 2025.
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