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Go-Jek Explores First IPO of a Billion-Dollar Indonesian Startup

PT Go-Jek Indonesia PT could become the country’s first-billion dollar startup to hold an initial public offering after the transport and technology company met with the nation’s equity market.

Executives led by Go-Jek President Andre Soelistyo met with officials from the Indonesia Stock Exchange in Jakarta on Monday to discuss an IPO, Tito Sulistio, the bourse’s president, told reporters. While the company is “very serious” about the IPO, there was no specific timeframe, Soelistyo said in a text message.