SoftBank-Backed Tokopedia in Talks for Pre-IPO Funding Round
- Jakarta-based online shopping giant is weighing a dual listing
- CEO says Tokopedia could break even in 2020 as revenue surges
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PT Tokopedia, the online marketplace backed by the SoftBank Vision Fund and Alibaba Group Holding Ltd., has begun discussions with potential investors for what’s likely to be its final private funding round before a dual stock market listing.
Indonesia’s largest online mall is considering listing shares at home as well as in another as-yet-undecided location, Chief Executive Officer William Tanuwijaya told Bloomberg News. But he wouldn’t specify a timetable for an initial public offering, citing uncertain market conditions in a trade war.