U.S. Markets close in 5 hrs 33 mins
  • S&P 500

    4,031.12
    +13.35 (+0.33%)
     
  • Dow 30

    33,742.22
    +25.13 (+0.07%)
     
  • Nasdaq

    11,457.66
    +63.84 (+0.56%)
     
  • Russell 2000

    1,897.20
    +11.48 (+0.61%)
     
  • Crude Oil

    78.51
    +0.61 (+0.78%)
     
  • Gold

    1,939.10
    -0.10 (-0.01%)
     
  • Silver

    23.69
    -0.04 (-0.18%)
     
  • EUR/USD

    1.0842
    -0.0014 (-0.1301%)
     
  • 10-Yr Bond

    3.5420
    -0.0090 (-0.25%)
     
  • Vix

    19.85
    -0.09 (-0.45%)
     
  • GBP/USD

    1.2291
    -0.0063 (-0.5076%)
     
  • USD/JPY

    130.2110
    -0.1470 (-0.1128%)
     
  • BTC-USD

    23,147.27
    -71.82 (-0.31%)
     
  • CMC Crypto 200

    524.86
    +6.07 (+1.17%)
     
  • FTSE 100

    7,758.81
    -26.06 (-0.33%)
     
  • Nikkei 225

    27,327.11
    -106.29 (-0.39%)
     

Indonesia's GoTo shares drop 7% after some shareholders forgo secondary offering

JAKARTA (Reuters) - Shares in PT GoTo Gojek Tokopedia fell nearly 7% in early trading on Thursday after Indonesia's biggest tech firm said that some of its pre-IPO shareholders had decided not to take up a secondary offering of shares at this time.

The shareholders were those who considered the proposed transaction, GoTo said in a statement on Wednesday evening without naming them.

GoTo shares, which have been declining since last week, were trading down 6.62% after the opening on Thursday at 141 rupiah a piece.

Based on its IPO prospectus, the pre-IPO shareholders include among others GoTo Peopleverse Fund at 9.35%, SVF GT Subco (Singapore) at 9.02%, Taobao China Holding at 9.16%, PT Saham Anak Bangsa at 2.35% and Garibaldi Thohir, GoTo's main commissioner, at 0.09%.

The announcement came as the eight-month lock-up period for pre-IPO shareholders expired on Wednesday.

GoTo, which raised $1.1 billion in an IPO last April, said in October that the purpose for a coordinated secondary offering of shares was to "facilitate an orderly sale through the negotiated market."

(Reporting by Stefanno Sulaiman; Editing by Ed Davies)