GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale

Bloomberg2022-10-20

Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a ...

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Bspn
·2022-10-20
K
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HH浩
·2022-10-20
1 billion? selling 10% stake will value GoJek at 10 bil. Can their profit support this valuation? @TigerEvents @话题虎 @Tiger_Earnings @小虎活动 @Tiger_chat @Tiger_Comments @MillionaireTiger
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Gladys80
·2022-10-20
👍
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1
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GggSlimeR
·2022-10-20
Wow Thanks & Do not like my comment
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- YMCheah:
  ok
  2022-10-21
  Reply
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- Stormytw:
  wew
  2022-10-20
  Reply
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BenjiFuji
·2022-10-20
GoTo = Like a Grab + Shopee. Who will win?[Glance]
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Zarkness
·2022-10-20
How to buy goto?
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- Zarkness:
  Thanks mama… nice to know u too
  2022-10-28
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- MamaProfit:
  im from indonesia and let me know you, it's a sh*tty stock.
  2022-10-20
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- MamaProfit:
  open indonesia broker
  2022-10-20
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alien75
·2022-10-20
Ok
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1
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- andrewtingg:
  Ok
  2022-10-20
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Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCIFormed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. 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The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.</p><p>GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.</p><p>The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.</p><p>In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.</p><p>About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.</p><p>GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.</p><p>Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCI</p><p>Formed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.</p><p>After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.</p><p>GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.</p></body></html>","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>GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nGoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","GTOFF":"GOTO GOJEK TOKOPEDIA TBK PT","09988":"阿里巴巴-W","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125029646","content_text":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCIFormed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9983593651,"gmtCreate":1666269277973,"gmtModify":1676537732944,"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582015516749888","idStr":"3582015516749888"},"htmlText":"1 billion? selling 10% stake will value GoJek at 10 bil. Can their profit support this valuation?&nbsp;<a href=\"https://ttm.financial/U/3527667667103859\">@TigerEvents</a><a href=\"https://ttm.financial/U/3502767768442965\">@话题虎</a><a href=\"https://ttm.financial/U/3527667620927015\">@Tiger_Earnings</a><a href=\"https://ttm.financial/U/36984908995200\">@小虎活动</a><a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_chat</a><a href=\"https://ttm.financial/U/9000000000000522\">@Tiger_Comments</a><a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger</a>","listText":"1 billion? selling 10% stake will value GoJek at 10 bil. Can their profit support this valuation?&nbsp;<a href=\"https://ttm.financial/U/3527667667103859\">@TigerEvents</a><a href=\"https://ttm.financial/U/3502767768442965\">@话题虎</a><a href=\"https://ttm.financial/U/3527667620927015\">@Tiger_Earnings</a><a href=\"https://ttm.financial/U/36984908995200\">@小虎活动</a><a href=\"https://ttm.financial/U/3501196737273098\">@Tiger_chat</a><a href=\"https://ttm.financial/U/9000000000000522\">@Tiger_Comments</a><a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger</a>","text":"1 billion? selling 10% stake will value GoJek at 10 bil. Can their profit support this valuation? @TigerEvents@话题虎@Tiger_Earnings@小虎活动@Tiger_chat@Tiger_Comments@MillionaireTiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983593651","repostId":1125029646,"repostType":4,"repost":{"id":"1125029646","pubTimestamp":1666259568,"share":"https://ttm.financial/m/news/1125029646?lang=&edition=fundamental","pubTime":"2022-10-20 17:52","market":"us","language":"en","title":"GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=1125029646","media":"Bloomberg","summary":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when ","content":"<html><head></head><body><ul><li>Wants to help manage stake sales by major early investors</li><li>Company trying to avoid a price crash when lock-up expires</li></ul><p><img src=\"https://static.tigerbbs.com/833da0a591a39628bdfc919c7cd65477\" tg-width=\"800\" tg-height=\"533\" referrerpolicy=\"no-referrer\"/>Indonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.</p><p>The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.</p><p>GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.</p><p>The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.</p><p>In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.</p><p>About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.</p><p>GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.</p><p>Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCI</p><p>Formed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.</p><p>After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.</p><p>GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.</p></body></html>","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>GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nGoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","GTOFF":"GOTO GOJEK TOKOPEDIA TBK PT","09988":"阿里巴巴-W","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125029646","content_text":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCIFormed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9983278072,"gmtCreate":1666263627196,"gmtModify":1676537732284,"author":{"id":"4087907126409640","authorId":"4087907126409640","name":"Gladys80","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087907126409640","idStr":"4087907126409640"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983278072","repostId":1125029646,"repostType":4,"repost":{"id":"1125029646","pubTimestamp":1666259568,"share":"https://ttm.financial/m/news/1125029646?lang=&edition=fundamental","pubTime":"2022-10-20 17:52","market":"us","language":"en","title":"GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=1125029646","media":"Bloomberg","summary":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when ","content":"<html><head></head><body><ul><li>Wants to help manage stake sales by major early investors</li><li>Company trying to avoid a price crash when lock-up expires</li></ul><p><img src=\"https://static.tigerbbs.com/833da0a591a39628bdfc919c7cd65477\" tg-width=\"800\" tg-height=\"533\" referrerpolicy=\"no-referrer\"/>Indonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.</p><p>The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.</p><p>GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.</p><p>The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.</p><p>In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.</p><p>About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.</p><p>GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.</p><p>Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCI</p><p>Formed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.</p><p>After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.</p><p>GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.</p></body></html>","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>GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nGoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","GTOFF":"GOTO GOJEK TOKOPEDIA TBK PT","09988":"阿里巴巴-W","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125029646","content_text":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCIFormed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9983279111,"gmtCreate":1666262544833,"gmtModify":1676537732171,"author":{"id":"4093058604760480","authorId":"4093058604760480","name":"GggSlimeR","avatar":"https://community-static.tradeup.com/news/4b805c8472adab6d9418f36452434a56","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"4093058604760480","idStr":"4093058604760480"},"htmlText":"Wow Thanks &amp; Do not like my comment&nbsp;","listText":"Wow Thanks &amp; Do not like my comment&nbsp;","text":"Wow Thanks & Do not like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9983279111","repostId":1125029646,"repostType":4,"repost":{"id":"1125029646","pubTimestamp":1666259568,"share":"https://ttm.financial/m/news/1125029646?lang=&edition=fundamental","pubTime":"2022-10-20 17:52","market":"us","language":"en","title":"GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=1125029646","media":"Bloomberg","summary":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when ","content":"<html><head></head><body><ul><li>Wants to help manage stake sales by major early investors</li><li>Company trying to avoid a price crash when lock-up expires</li></ul><p><img src=\"https://static.tigerbbs.com/833da0a591a39628bdfc919c7cd65477\" tg-width=\"800\" tg-height=\"533\" referrerpolicy=\"no-referrer\"/>Indonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.</p><p>The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.</p><p>GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.</p><p>The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.</p><p>In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.</p><p>About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.</p><p>GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.</p><p>Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCI</p><p>Formed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.</p><p>After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.</p><p>GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.</p></body></html>","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>GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nGoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","GTOFF":"GOTO GOJEK TOKOPEDIA TBK PT","09988":"阿里巴巴-W","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125029646","content_text":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCIFormed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104439650,"gmtCreate":1666309935402,"gmtModify":1666309938838,"authorId":4093412032856690,"author":{"id":4093412032856690,"idStr":"4093412032856690","authorId":4093412032856690,"name":"YMCheah","avatar":"https://community-static.tradeup.com/news/8c6bc88c9b9cd996e3220b4fce094f37","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.27","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9983279111,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":104432241,"gmtCreate":1666265447766,"gmtModify":1666265450869,"authorId":3564008227112773,"author":{"id":3564008227112773,"idStr":"3564008227112773","authorId":3564008227112773,"name":"Stormytw","avatar":"https://community-static.tradeup.com/news/713a34cf38a0f6df411431bf2ce59bcb","vip":2,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.08.31","exceedPercentage":"93.62%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.15","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":9983279111,"type":1,"supId":0,"prevId":0,"content":"wew","text":"wew","html":"wew"}],"langContent":"EN"},{"id":9983247988,"gmtCreate":1666261897545,"gmtModify":1676537732106,"author":{"id":"4110175785559852","authorId":"4110175785559852","name":"BenjiFuji","avatar":"https://community-static.tradeup.com/news/330f59d829009a2c318784ab2b5e6098","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4110175785559852","idStr":"4110175785559852"},"htmlText":"GoTo = Like a Grab + Shopee. Who will win?[Glance]&nbsp;","listText":"GoTo = Like a Grab + Shopee. Who will win?[Glance]&nbsp;","text":"GoTo = Like a Grab + Shopee. Who will win?[Glance]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983247988","repostId":1125029646,"repostType":4,"repost":{"id":"1125029646","pubTimestamp":1666259568,"share":"https://ttm.financial/m/news/1125029646?lang=&edition=fundamental","pubTime":"2022-10-20 17:52","market":"us","language":"en","title":"GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=1125029646","media":"Bloomberg","summary":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when ","content":"<html><head></head><body><ul><li>Wants to help manage stake sales by major early investors</li><li>Company trying to avoid a price crash when lock-up expires</li></ul><p><img src=\"https://static.tigerbbs.com/833da0a591a39628bdfc919c7cd65477\" tg-width=\"800\" tg-height=\"533\" referrerpolicy=\"no-referrer\"/>Indonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.</p><p>The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.</p><p>GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.</p><p>The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.</p><p>In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.</p><p>About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.</p><p>GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.</p><p>Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCI</p><p>Formed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.</p><p>After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.</p><p>GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.</p></body></html>","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>GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nGoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","GTOFF":"GOTO GOJEK TOKOPEDIA TBK PT","09988":"阿里巴巴-W","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125029646","content_text":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCIFormed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9983244032,"gmtCreate":1666261582826,"gmtModify":1676537732043,"author":{"id":"3572916667219493","authorId":"3572916667219493","name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3572916667219493","idStr":"3572916667219493"},"htmlText":"How to buy goto?","listText":"How to buy goto?","text":"How to buy goto?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9983244032","repostId":1125029646,"repostType":2,"repost":{"id":"1125029646","pubTimestamp":1666259568,"share":"https://ttm.financial/m/news/1125029646?lang=&edition=fundamental","pubTime":"2022-10-20 17:52","market":"us","language":"en","title":"GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=1125029646","media":"Bloomberg","summary":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when ","content":"<html><head></head><body><ul><li>Wants to help manage stake sales by major early investors</li><li>Company trying to avoid a price crash when lock-up expires</li></ul><p><img src=\"https://static.tigerbbs.com/833da0a591a39628bdfc919c7cd65477\" tg-width=\"800\" tg-height=\"533\" referrerpolicy=\"no-referrer\"/>Indonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.</p><p>The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.</p><p>GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.</p><p>The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.</p><p>In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.</p><p>About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.</p><p>GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.</p><p>Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCI</p><p>Formed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.</p><p>After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.</p><p>GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.</p></body></html>","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>GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nGoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","GTOFF":"GOTO GOJEK TOKOPEDIA TBK PT","09988":"阿里巴巴-W","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125029646","content_text":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCIFormed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104554757,"gmtCreate":1666965507912,"gmtModify":1666965511847,"authorId":3572916667219493,"author":{"id":3572916667219493,"idStr":"3572916667219493","authorId":3572916667219493,"name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.09","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9983244032,"type":1,"supId":104431792,"prevId":0,"content":"<span class=\"s1\">Thanks mama… nice to know u too</span>","text":"<span class=\"s1\">Thanks mama… nice to know u too</span>","html":"<span class=\"s1\">Thanks mama… nice to know u too</span>"},{"id":104431792,"gmtCreate":1666262387970,"gmtModify":1666262391917,"authorId":3577432235687566,"author":{"id":3577432235687566,"idStr":"3577432235687566","authorId":3577432235687566,"name":"MamaProfit","avatar":"https://static.tigerbbs.com/71c384811ff2abe860a7f1c6804b88b0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9983244032,"type":1,"supId":0,"prevId":0,"content":"im from indonesia and let me know you, it's a sh*tty stock.","text":"im from indonesia and let me know you, it's a sh*tty stock.","html":"im from indonesia and let me know you, it's a sh*tty stock."},{"id":104431789,"gmtCreate":1666262359545,"gmtModify":1666262363115,"authorId":3577432235687566,"author":{"id":3577432235687566,"idStr":"3577432235687566","authorId":3577432235687566,"name":"MamaProfit","avatar":"https://static.tigerbbs.com/71c384811ff2abe860a7f1c6804b88b0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9983244032,"type":1,"supId":0,"prevId":0,"content":"open indonesia broker","text":"open indonesia broker","html":"open indonesia broker"}],"langContent":"EN"},{"id":9983242799,"gmtCreate":1666261215711,"gmtModify":1676537731893,"author":{"id":"3577053278000529","authorId":"3577053278000529","name":"alien75","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3577053278000529","idStr":"3577053278000529"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9983242799","repostId":1125029646,"repostType":4,"repost":{"id":"1125029646","pubTimestamp":1666259568,"share":"https://ttm.financial/m/news/1125029646?lang=&edition=fundamental","pubTime":"2022-10-20 17:52","market":"us","language":"en","title":"GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=1125029646","media":"Bloomberg","summary":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when ","content":"<html><head></head><body><ul><li>Wants to help manage stake sales by major early investors</li><li>Company trying to avoid a price crash when lock-up expires</li></ul><p><img src=\"https://static.tigerbbs.com/833da0a591a39628bdfc919c7cd65477\" tg-width=\"800\" tg-height=\"533\" referrerpolicy=\"no-referrer\"/>Indonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.</p><p>The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.</p><p>GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.</p><p>The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.</p><p>In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.</p><p>About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.</p><p>GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.</p><p>Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCI</p><p>Formed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.</p><p>After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.</p><p>GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.</p></body></html>","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>GoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nGoTo in Talks With Alibaba, SoftBank for $1 Billion Stake Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-20 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","GTOFF":"GOTO GOJEK TOKOPEDIA TBK PT","09988":"阿里巴巴-W","SFTBY":"软银集团"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-20/goto-in-talks-with-alibaba-softbank-for-1-billion-stake-sale?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125029646","content_text":"Wants to help manage stake sales by major early investorsCompany trying to avoid a price crash when lock-up expiresIndonesia’s largest tech companyGoTo Groupis in talks with its major owners for a controlled sale of roughly $1 billion of their stakes, aiming to avoid a potential stock crash when a lock-up on their holdings ends next month.The ride-hailing and e-commerce provider is gauging the interest of early backers includingAlibaba Group Holding Ltd.andSoftBank Group Corp.for a managed sale of some of their shares to new investors, according to people familiar with the matter. The plan is part of an effort to prevent a potential drop in GoTo stock price that could occur if many investors sell shares when a lock-up period expires on Nov. 30, the people said.GoTo has also held discussions with some investors to get them to commit to holding their shares for a further period of as long as six months, said one of the people, who asked not to be identified because the matter is private. The Jakarta-based company is in the early stages of talks with the investors and the price levels for any deals are subject to negotiations, the people said. Deliberations are ongoing and GoTo hasn’t made any final decisions, they said.The regional tech giant, which has a market value of about $15 billion, is trying to avoid a situation where a large part of its backers would seek to cash out at the same time. Many major shareholders agreed to hold to their stakes for at least eight months following the company’s initial public offeringin late March.In late June, Chinese artificial intelligence software maker SenseTime Group Inc. slumpedas much as 51%in Hong Kong trading after a lock-up of its shares expired following its December IPO.About 1 trillion GoTo shares, or more than 90% of the total outstanding, become eligible to be sold starting Nov. 30. Still, that includes holders such as GoTo’s employee fund that are unlikely to sell. Alibaba holds about 8.8% of GoTo, and SoftBank’s stake is about 8.7%.GoTo has engagedCitigroup Inc.andGoldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba didn’t respond to a request for comment.Sponsored ContentThrough the G20, Global Health Resilience Just Received a $1.4B BoostMCIFormed via a merger of ride-hailing provider Gojek and e-commerce firm Tokopedia, GoTo raised $1.1 billion in one of the world’s largest initial public offerings this year. The share sale boosted the value ofstakesof China’s Alibaba and SoftBank’s Vision Fund to almost $5 billion combined.After an initial surge following the debut, GoTo shares have pared gains to now trade about 40% below the IPO price. Still, cashing out after the lock-up expires could provide many investors a much needed boost this year amid a global decline in tech stocks.GoTo is among Southeast Asian consumer-internet companies that are adding users at a rapid clip but has yet to generate a profit. It is a leading internet company in Indonesia, a country of more than 270 million people whose mobile-savvy consumers are shopping on Tokopedia’s platform and ordering rides and food via Gojek’s app.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104431787,"gmtCreate":1666262355428,"gmtModify":1666262358675,"authorId":3569548778635529,"author":{"id":3569548778635529,"idStr":"3569548778635529","authorId":3569548778635529,"name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9983242799,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":103,"commentSize":7,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}