Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon InvestmentRead more

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markets asia

Bright Spot for Asia Tech: Indonesia’s GoTo Soars 23% on Stock Market Debut

By
Shai Oster
· · Source: Reuters

Bucking the gloom of other tech equities, shares of Indonesian ride-hailing and e-commerce company GoTo rose as much as 23% after it raised $1.1 billion in its domestic stock market debut. Backers include SoftBank and Alibaba who stand to win if the shares surge is sustained. Indonesian companies must list on the domestic stock market, which has been propped up by a surge of new retail money...

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