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.
A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief.
More Must-Reads From TIME
- Jane Fonda Champions Climate Action for Every Generation
- Biden’s Campaign Is In Trouble. Will the Turnaround Plan Work?
- Why We're Spending So Much Money Now
- The Financial Influencers Women Actually Want to Listen To
- Breaker Sunny Choi Is Heading to Paris
- Why TV Can’t Stop Making Silly Shows About Lady Journalists
- The Case for Wearing Shoes in the House
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time