Gojek Nears Tokopedia Merger Ahead of Public Listing

Bloomberg2021-02-10

Indonesia startups could reach a deal as soon as this monthCompanies to target valuation of $35 billion to $40 billionIndonesia’s two most valuable startups, ride-hailing giant Gojek and e-commerce ...

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Comments

Wangal
2021-02-12
Wangal
?
Chimmy
2021-02-11
Chimmy
I read and laugh because as someone from South East Asia, GRAB was supposed to be powerful and merge with Gojek but the CEOis a power hungry guy so not surprised it collapsed and GRAB is trying to raise $ through IPO soon in US.I hope Gojek merge with Tokopedia instead and I am looking at BWN (or is it BTW?) as thr potential SPAC.(Note to Tiger: It will be nice if you allow users to select and copy text on here because I want to go back and see the SPAC name to confirm which one but I do not want to re type all that above but I cannot select and cooy text!)
JoeS
2021-02-11
JoeS
Can't wait for their merher and IPO
- JoeS:
  merger*
- JoeS:
  1
- JoeS:
  ?
MLLC
2021-02-11
MLLC
[財迷]
leexy
2021-02-10
leexy
K
thekokkyguy
2021-02-10
thekokkyguy
useless

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read and laugh because as someone from South East Asia,&nbsp;GRAB was supposed to be powerful and merge with Gojek but the CEOis a power hungry guy so not surprised it collapsed and GRAB is trying to raise $ through IPO soon in US.I hope Gojek merge with Tokopedia instead and I am looking at BWN (or is it BTW?)&nbsp;as thr potential SPAC.(Note to Tiger: It will be nice if you allow users to select and copy text on here because I want to go back and see the SPAC name to confirm which one but I do not want to re type all that above but I cannot select and cooy text!)","listText":"I read and laugh because as someone from South East Asia,&nbsp;GRAB was supposed to be powerful and merge with Gojek but the CEOis a power hungry guy so not surprised it collapsed and GRAB is trying to raise $ through IPO soon in US.I hope Gojek merge with Tokopedia instead and I am looking at BWN (or is it BTW?)&nbsp;as thr potential SPAC.(Note to Tiger: It will be nice if you allow users to select and copy text on here because I want to go back and see the SPAC name to confirm which one but I do not want to re type all that above but I cannot select and cooy text!)","text":"I read and laugh because as someone from South East Asia, GRAB was supposed to be powerful and merge with Gojek but the CEOis a power hungry guy so not surprised it collapsed and GRAB is trying to raise $ through IPO soon in US.I hope Gojek merge with Tokopedia instead and I am looking at BWN (or is it BTW?) as thr potential SPAC.(Note to Tiger: It will be nice if you allow users to select and copy text on here because I want to go back and see the SPAC name to confirm which one but I do not want to re type all that above but I cannot select and cooy text!)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/388061761","repostId":1173087883,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":388081810,"gmtCreate":1613001898430,"gmtModify":1704877213361,"author":{"id":"3571911122373714","authorId":"3571911122373714","name":"JoeS","avatar":"https://static.tigerbbs.com/cb6acee66a4705d53d0afc7295db21c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571911122373714","authorIdStr":"3571911122373714"},"htmlText":"Can't wait for their merher and IPO","listText":"Can't wait for their merher and IPO","text":"Can't wait for their merher and IPO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/388081810","repostId":1173087883,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3554931,"gmtCreate":1613087758254,"gmtModify":1680776674143,"authorId":3571911122373714,"author":{"id":3571911122373714,"idStr":"3571911122373714","authorId":3571911122373714,"name":"JoeS","avatar":"https://static.tigerbbs.com/cb6acee66a4705d53d0afc7295db21c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":388081810,"type":1,"supId":0,"prevId":0,"content":"merger*","text":"merger*","html":"merger*"},{"id":5935528,"gmtCreate":1632148399325,"gmtModify":1663234163030,"authorId":3571911122373714,"author":{"id":3571911122373714,"idStr":"3571911122373714","authorId":3571911122373714,"name":"JoeS","avatar":"https://static.tigerbbs.com/cb6acee66a4705d53d0afc7295db21c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":388081810,"type":1,"supId":0,"prevId":0,"content":"1","text":"1","html":"1"},{"id":4734319,"gmtCreate":1623626446388,"gmtModify":1663228688330,"authorId":3571911122373714,"author":{"id":3571911122373714,"idStr":"3571911122373714","authorId":3571911122373714,"name":"JoeS","avatar":"https://static.tigerbbs.com/cb6acee66a4705d53d0afc7295db21c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":388081810,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":381750175,"gmtCreate":1612993072397,"gmtModify":1704877115872,"author":{"id":"3555043225496238","authorId":"3555043225496238","name":"MLLC","avatar":"https://static.tigerbbs.com/816bdda8f71ef87931cb1baee7916ffb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3555043225496238","authorIdStr":"3555043225496238"},"htmlText":"[財迷]&nbsp;","listText":"[財迷]&nbsp;","text":"[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381750175","repostId":1173087883,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":381181078,"gmtCreate":1612945813294,"gmtModify":1704876298542,"author":{"id":"3563930588845537","authorId":"3563930588845537","name":"leexy","avatar":"https://community-static.tradeup.com/news/0d603883c27ec9f97d08155247f20e01","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563930588845537","authorIdStr":"3563930588845537"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381181078","repostId":1173087883,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":381196515,"gmtCreate":1612941686837,"gmtModify":1704876261830,"author":{"id":"3571176263643032","authorId":"3571176263643032","name":"thekokkyguy","avatar":"https://static.tigerbbs.com/583cd612e62781cf4e57e7077b487b69","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571176263643032","authorIdStr":"3571176263643032"},"htmlText":"useless","listText":"useless","text":"useless","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381196515","repostId":1173087883,"repostType":4,"repost":{"id":"1173087883","pubTimestamp":1612934291,"share":"https://ttm.financial/m/news/1173087883?lang=&edition=fundamental","pubTime":"2021-02-10 13:18","market":"us","language":"en","title":"Gojek Nears Tokopedia Merger Ahead of Public Listing","url":"https://stock-news.laohu8.com/highlight/detail?id=1173087883","media":"Bloomberg","summary":"Indonesia startups could reach a deal as soon as this monthCompanies to target valuation of $35 bill","content":"<ul><li>Indonesia startups could reach a deal as soon as this month</li><li>Companies to target valuation of $35 billion to $40 billion</li></ul><p>Indonesia’s two most valuable startups, ride-hailing giant&nbsp;Gojek&nbsp;and e-commerce provider&nbsp;PT Tokopedia, are finalizing terms for their merger andaiming toreach an agreement as early as this month, according to people familiar with the matter.</p><p>The two companies are discussing a variety of scenarios with the goal of ultimately listing the combined entity in both Jakarta and the U.S., said the people, asking not to be identified because the negotiations are private. The target valuation in the public markets is between $35 billion and $40 billion, one of the people said.</p><p>Representatives of Gojek and Tokopedia declined to comment.</p><p>The two startups plan to create an Indonesia internet powerhouse, at the leading edge of businesses from ride-hailing and digital payments to online shopping and delivery. Bloomberg News&nbsp;first reported&nbsp;their merger talks in January.</p><p>The latest terms under discussion call for Gojek shareholders to own about 60% of the combined entity while Tokopedia’s investors hold 40%, said the people. Regardless of the ratio, both companies are approaching the transaction as a merger of equals, they said.</p><p>One of the scenarios being discussed is to combine the two companies before concurrently listing them in Indonesia and the U.S., one of the people said. Another scenario is to list Tokopedia in Jakarta first, then merge with Gojek before a listing of the combined entity in the U.S. The companies have yet to decide whether they’d opt to list in the U.S. via a traditional initial public offering or a special purpose acquisition company.</p><p>The talks are ongoing and it’s possible they take longer or fail to lead to a final agreement.</p><p>Gojek had been in discussions with ride-hailing rivalGrab Holdings Inc.about a possible merger, but those talks dragged on and ultimately collapsed. Among other issues, that deal would likely have faced regulatory opposition since it would combine the two major providers of on-demand rides and delivery services in several Southeast Asian markets.</p><p>SoftBank Group Corp.&nbsp;founder Masayoshi Son, the biggest outside shareholder in Grab, had originally encouraged Grab Chief Executive Officer Anthony Tan to work out a deal with Gojek. But Son has since shifted his support to a Gojek-Tokopedia alliance.</p><p>The two Indonesian tech pioneers have common investors, including Google, Temasek Holdings Pte and Sequoia Capital India. Their founders have also been friends since their inception more than 10 years ago.</p><p>If the combined Gojek-Tokopedia proceeds with an IPO, it would give global investors another opportunity to bet on one of the world’s fastest-growing internet economies. Shares ofSea Ltd., the only major Southeast Asian internet company listed in the U.S., climbed almost 400% last year, boosted by the growing popularity of its mobile gaming and online shopping platform.</p><p>Tokopedia is also backed by&nbsp;Alibaba Group Holding Ltd., which has its own e-commerce unit in the region, Lazada.</p><p>Grab has since picked banks for a potential U.S. IPO that could raise at least $2 billion, people familiar with the matter&nbsp;have said.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gojek Nears Tokopedia Merger Ahead of Public Listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGojek Nears Tokopedia Merger Ahead of Public Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 13:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-02-10/gojek-is-said-to-near-tokopedia-merger-ahead-of-public-listing><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Indonesia startups could reach a deal as soon as this monthCompanies to target valuation of $35 billion to $40 billionIndonesia’s two most valuable startups, ride-hailing giant Gojek and e-commerce ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-10/gojek-is-said-to-near-tokopedia-merger-ahead-of-public-listing\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SFTBY":"软银集团","BABA":"阿里巴巴","GOOG":"谷歌","GOOGL":"谷歌A","09988":"阿里巴巴-W"},"source_url":"http://bloomberg.com/news/articles/2021-02-10/gojek-is-said-to-near-tokopedia-merger-ahead-of-public-listing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173087883","content_text":"Indonesia startups could reach a deal as soon as this monthCompanies to target valuation of $35 billion to $40 billionIndonesia’s two most valuable startups, ride-hailing giant Gojek and e-commerce provider PT Tokopedia, are finalizing terms for their merger andaiming toreach an agreement as early as this month, according to people familiar with the matter.The two companies are discussing a variety of scenarios with the goal of ultimately listing the combined entity in both Jakarta and the U.S., said the people, asking not to be identified because the negotiations are private. The target valuation in the public markets is between $35 billion and $40 billion, one of the people said.Representatives of Gojek and Tokopedia declined to comment.The two startups plan to create an Indonesia internet powerhouse, at the leading edge of businesses from ride-hailing and digital payments to online shopping and delivery. Bloomberg News first reported their merger talks in January.The latest terms under discussion call for Gojek shareholders to own about 60% of the combined entity while Tokopedia’s investors hold 40%, said the people. Regardless of the ratio, both companies are approaching the transaction as a merger of equals, they said.One of the scenarios being discussed is to combine the two companies before concurrently listing them in Indonesia and the U.S., one of the people said. Another scenario is to list Tokopedia in Jakarta first, then merge with Gojek before a listing of the combined entity in the U.S. The companies have yet to decide whether they’d opt to list in the U.S. via a traditional initial public offering or a special purpose acquisition company.The talks are ongoing and it’s possible they take longer or fail to lead to a final agreement.Gojek had been in discussions with ride-hailing rivalGrab Holdings Inc.about a possible merger, but those talks dragged on and ultimately collapsed. Among other issues, that deal would likely have faced regulatory opposition since it would combine the two major providers of on-demand rides and delivery services in several Southeast Asian markets.SoftBank Group Corp. founder Masayoshi Son, the biggest outside shareholder in Grab, had originally encouraged Grab Chief Executive Officer Anthony Tan to work out a deal with Gojek. But Son has since shifted his support to a Gojek-Tokopedia alliance.The two Indonesian tech pioneers have common investors, including Google, Temasek Holdings Pte and Sequoia Capital India. Their founders have also been friends since their inception more than 10 years ago.If the combined Gojek-Tokopedia proceeds with an IPO, it would give global investors another opportunity to bet on one of the world’s fastest-growing internet economies. Shares ofSea Ltd., the only major Southeast Asian internet company listed in the U.S., climbed almost 400% last year, boosted by the growing popularity of its mobile gaming and online shopping platform.Tokopedia is also backed by Alibaba Group Holding Ltd., which has its own e-commerce unit in the region, Lazada.Grab has since picked banks for a potential U.S. IPO that could raise at least $2 billion, people familiar with the matter have said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":35,"commentSize":17,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1173087883"}