Tokopedia stock price

Tokopedia stock price DEFAULT

(Bloomberg) -- PT Tokopedia, the online marketplace backed by the SoftBank Vision Fund and Alibaba Group Holding Ltd., has begun discussions with potential investors for what’s likely to be its final private funding round before a dual stock market listing.

Indonesia’s largest online mall is considering listing shares at home as well as in another as-yet-undecided location, Chief Executive Officer William Tanuwijaya told Bloomberg News. But he wouldn’t specify a timetable for an initial public offering, citing uncertain market conditions in a trade war.

Tokopedia, the country’s most valuable startup after ride-hailing giant Gojek, is focused on its home market for now but an overseas listing should raise its profile while attracting new investors. Tanuwijaya said the startup he co-founded 10 years ago is aiming to break even next year. Its gross merchandise value should triple to as much as trillion rupiah ($16 billion) in , he said. Revenue is growing faster than GMV, while its community of sellers rose to million from about 5 million last year, he added.

“Dual-listing is most likely to be our approach” because the Indonesia-focused e-commerce site wants its consumers and sellers to also become shareholders, the year-old founder said in an interview in Jakarta. “We are now in the process of picking the right partners who believe in our vision and mission.”

SoftBank Vision Fund, Alibaba Lead $ Billion Tokopedia Round

Tokopedia is gunning for a listing at a time many of its peers around the world are tapping the brakes. Uber Technologies Inc.’s disappointing debut and the chaos surrounding WeWork’s botched IPO have put startups under pressure to prove their business model can lead to revenue and profit growth. The co-founders of Grab, Southeast Asia’s most valuable startup and another of SoftBank’s portfolio companies, have said they’re not planning an IPO any time soon.

With a looming risk of a global recession, it’s crucial for large platforms like Tokopedia to establish a sustainable business by generating profits, said Chatib Basri, a former finance minister and senior lecturer at the University of Indonesia. “When there is a disruption to a company as big as Tokopedia, which has 90 million monthly active users, it could result in a systemic effect,” he said.

Tokopedia’s advantage is its presence in an Indonesian e-commerce market projected to expand from $21 billion in to $82 billion by , according to a study by Google, Temasek Holdings Pte and Bain & Co. Unlike peers Alibaba’s Lazada and Tencent Holdings Ltd.-backed Shopee, which operate across Southeast Asia, Tokopedia has chosen to expand deeper into rural areas of Indonesia, an archipelago of more than 17, islands where online shopping is still relatively under-developed.

“Indonesia’s e-commerce penetration is still 4% to 5%, so the room for growth is still big,” Tanuwijaya said.

--With assistance from Viriya Singgih.

To contact the reporter on this story: Yoolim Lee in Singapore at [email protected]

To contact the editors responsible for this story: Edwin Chan at [email protected], Vlad Savov

For more articles like this, please visit us at bloomberg.com

© Bloomberg L.P.

Sours: https://finance.yahoo.com/news/softbank-backed-tokopedia-talks-prehtml

Tokopedia Deal Terms

Tokopedia Funding, Tokopedia Valuation & Tokopedia Revenue

11 Fundings

Tokopedia's latest funding round was a Merger for on April 16, .

Tokopedia's latest post-money valuation is from April

Sign up for a free day trial to see Tokopedia's valuations in April and more.

Tokopedia's revenue was $B. Tokopedia's most recent revenue is from .

Sign up for a free day trial to see revenue data from and more.

4/16/

Merger

Goto

$99M

10/23/

Series H - II

$M

Google

6/24/

Series H

$M

Temasek

12/12/

Series G

$99M

Subscribe to see more

8/17/

Series F

$99M

Subscribe to see more

Date

4/16/

10/23/

6/24/

12/12/

8/17/

Round

Merger

Series H - II

Series H

Series G

Series F

Amount

$M

$M

$99M

$99M

Investors

Goto

Google

Temasek

Subscribe to see more

Subscribe to see more

Valuation

$99M

Revenue

Sources

Sours: https://www.cbinsights.com/company/tokopedia/financials
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Tokopedia Stock

About Tokopedia Stock

Tokopedia is an online marketplace that allows individuals and small & midsize business owners to open and maintain their own online store easily and free, while providing better and safer online shopping experience to their customers. Tokopedia, empowers millions of merchants and consumers to participate in the future of the economy. Tokopedia's vision is to build an ecosystem where anyone can start and find anything. The company believes that the marketplace is the most beautiful business model in the world because the success of a marketplace can only be achieved by making others more successful. Tokopedia services have enabled millions of individuals, MSMEs and business owners in Indonesia to sell products to customers throughout Indonesia. The merchant Tokopedia have opened tens of millions of new jobs in Indonesia.

Investors

Alibaba

One97, Lyft, Tokopedia, Magic Leap, BigBasket, Didi Kuaidi, Quibi, TangoMe, Kabam, 1stdibs

Sequoia Capital

Market Kurly, Robinhood, Airbnb, Instacart, Tokopedia, DoorDash, Stripe, UiPath, Moderna Therapeutics, Rappi

SoftBank

One97, Flipkart, Ola, Delhivery, Cruise, OneWeb, Tokopedia, AUTO1 Group, OakNorth, Fair

Temasek Holdings

Ola, PharmEasy, Tokopedia, DoorDash, Impossible Foods, Wish, AvidXchange, Farmers Business Network, Noom, Blend

Funding History

April $K
October $M
April $M
August $B
November $B
June $M

Management

Chief Executive Officer

William Tanuwijaya

Press

Other Companies

Sours: https://equityzen.com/company/tokopedia/
THE NEXT AMAZON STOCK 🔥 BEST STOCK TO BUY NOW Should you buy Tokopedia BTWN Stock Analysis

By Anshuman Daga

SINGAPORE (Reuters) - Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are in advanced talks to seal a $18 billion merger ahead of a potential dual listing in Jakarta and the United States, people with knowledge of the matter said on Tuesday.

A deal, which would be the biggest yet for Indonesia, could transform the landscape in the country's e-commerce market, whose growth has accelerated as stay-at-home pandemic restrictions have stoked demand for food delivery and e-payments.

Bigger rivals in the space include Southeast Asian ride-hailing, food delivery and e-payments firm Grab, and Singapore-based regional internet company Sea Ltd, which commands a market value of $ billion and operates e-commerce platform Shopee.

As a merged company, decade-old start-ups, Gojek and Tokopedia would seek to expand market share and pursue profitability by offering services, such as grocery shopping and courier services from a single platform.

"An international listing for a regional internet group will showcase that Southeast Asia isn't a one-hit wonder. It'll pave the way for global growth and exits for several other high-growth startups from the region," said Varun Mittal, head of emerging markets fintech business at E&Y.

Common investors in the pair, which are Indonesia's most valuable start-ups, include Temasek Holdings Pte Ltd, Sequoia Capital and Google.

Alibaba Group Holding Ltd and SoftBank Group Corp are among Tokopedia's investors, while Gojek's include Warburg Pincus LLC and Tencent Holdings Ltd.

Three of the people with direct knowledge of the matter said Gojek and Tokopedia in late December agreed to conduct due diligence of each other's business.

The founders and some senior executives of Gojek and Tokopedia have been friends for the last decade and aim to finalise a deal in the first half, the people said.

"These are amicable conversations between mutually trusted partners. The broad terms are largely agreed," said one person.

Talks between the companies started in , two people said. Negotiations gathered momentum in November last year after months of merger talks between Gojek and Grab faltered, they said.

To finalise a deal, Gojek and Tokopedia need to thrash out merger ratios and seek approval from their boards.

The people said Gojek was last valued at just over $10 billion and Tokopedia at around $7 billion. The combined entity would figure in the top 10 Indonesian companies by market value and become one of the largest Southeast Asian tech companies.

All the sources declined to be identified as the talks were private. Gojek, Tokopedia and Grab declined to comment.

BATTLEGROUND INDONESIA

A listing of the combined businesses could raise as much as $2 billion, two people said, in what could be one of the biggest IPOs by an Indonesian company.

Reuters reported last month that Tokopedia received a merger approach from a blank-cheque acquisition firm. Tokopedia had said an indirect listing via a special purpose acquisition company was an option.

Gojek and Grab are both seeking to become one-stop shops for ride-hailing, food delivery and payments.

Tokopedia is a marketplace which, unlike most of its rivals, does not hold its own inventory.

Southeast Asia, with a population of about million, expects to see its internet economy grow to $ billion from an estimated $ billion last year.

"In order to truly compete against Sea, Gojek and Tokopedia would have to demonstrate that they are more than an Indonesian business," said Joel Shen, a technology lawyer at Withers.

"On the other hand, Gojek and Tokopedia are seen as homegrown tech champions. For this reason, a merger would appeal more strongly to the nationalistic sentiments of Indonesian investors and regulators alike."

Gojek has expanded in countries including Singapore and Vietnam, while Tokopedia's Indonesian marketplace has more than million monthly active users.

Bloomberg News earlier reported merger talks between Gojek and Tokopedia.

(Reporting by Anshuman Daga in Singapore; Additional reporting by Kane Wu in Hong Kong, Aradhana Aravindan in Singapore and Radhika Anilkumar and Ann Maria Shibu in Bengaluru; Editing by Christopher Cushing and Barbara Lewis)

Sours: https://finance.yahoo.com/news/indonesias-gojek-tokopedia-advancedhtml

Price tokopedia stock

Are you looking to buy an IPO? With Sofi Active Invest you can participate in upcoming IPOs before they trade on an exchange.

Southeast Asia delivers a compelling mixture of profitability potential and fundamental confidence. A major reason why the area attracts investor dollars is its burgeoning technology infrastructure. 

Tech firms like Indonesia’s Tokopedia, which specializes in e-commerce, are exploding in popularity due to expanding internet integration. Learn how to buy Tokopedia IPO stock now. 

When is the Tokopedia IPO Date?

Tired of the same old stock recommendations? The Tokopedia initial public offering (IPO) promises to be among the most anticipated public debuts.

You won’t find an official date on the IPO calendar just yet. Management continues to contemplate which is the best course of action: a traditional IPO or reverse merger via a special purpose acquisition company or SPAC.

SPACs are blank check companies that have no operations of their own. Instead they undergo an IPO for the sole purpose of identifying a merger target. Once combined, the private merger target automatically becomes a publicly-traded company.

In December , Tokopedia confirmed that it hired Morgan Stanley (NYSE: MS) and Citigroup (NYSE: C) as IPO advisors. 

However, should the Indonesian firm elect to go public via a reverse merger, rumors suggest that Bridgetown Holdings (NASDAQ: BTWN), a Peter Thiel and Richard Li-backed SPAC, may be interested in facilitating the deal.

Tokopedia Financial History

Just recently, media reports indicated that Tokopedia and Gojek, a company that offers on-demand multiservice platforms and digital payment solutions, inked a conditional sales agreement for a merger. If so, the development isn’t surprising. In February of this year, Bloomberg noted that the 2 companies were finalizing terms for a merger.

Should the 2 companies make good on the reports and combine, experts peg the value of the entity at $18 billion. However, Tokopedia’s management refused to confirm the deal, stating that “the news is inaccurate and purely speculative.”

Both Tokopedia and Gojek have long expressed finding a merger deal to forge an alluring package in the American IPO market. With competition heating up among Indonesian tech rivals, the entity that strikes first could end up with most of the spoils.

Moreover, Tokopedia by itself represents a strong opportunity. In its private funding rounds, the tech firm hauled in nearly $ billion. Major backers, such as Alibaba Group (NYSE: BABA) and Softbank Group (OTCMKTS: SFTBY), provided most of the funds.

Tokopedia Potential

Among upcoming IPO opportunities, investors rank Tokopedia as highly anticipated. Primarily, this is because of Southeast Asia’s booming internet economy. According to Reuters, this connected market hit $ billion, in large part to the coronavirus pandemic forcing consumers to remain at home.

People naturally converted their spending habits to online channels and contactless services such as food delivery. Gojek happens to leverage one of Southeast Asia’s biggest food delivery apps, making a combined Tokopedia-Gojek entity incredibly relevant.

Better yet, Indonesia, Malaysia, Vietnam, Singapore and the Philippines added 40 million new internet users in This brings the total user count to million – more people than exist in the U.S. This suggests that Southeast Asia has an internet penetration rate of 70%.

Industry experts anticipate that this pivotal part of the world will generate $ billion in gross merchandise value by That’s up $9 billion from last year’s forecast. Given that e-commerce in the region alone increased 63% to $62 billion, the updated expectation seems reasonable.

How to Buy Tokopedia IPO Stock on the Open

The Tokopedia IPO brings a twist to the public debut narrative in that it could go either way: a traditional IPO or a reverse merger via a SPAC. Both have pros and cons.

Should the company go public using the traditional route, most investors won’t have access to buy Tokopedia shares at the initial offering price. Unfortunately, this is because IPO underwriters offer these attractive equity units for institutional investors and power brokers that have an extensive history of IPO participation.

But the benefit of buying the Tokopedia IPO on its first trading day is that with such a compelling opportunity, buyers will likely bid up shares strongly.

On the other hand, if Tokopedia engages in a reverse merger, you can guess which SPAC will take the company public. If you’re right, you could make a hefty profit. 

However, after the merger announcement, the identified SPAC would likely have already soared in value, increasing the opportunity cost for the IPO.

Step-to-step guide:

  1. Pick a brokerage.

    Before you learn how to buy stocks, you must first pick a brokerage with which you want to conduct the business of trading. Thanks to increasing competition, you have ample choices. Most brokerages feature similar incentivizes to join, such as commission-free trading.

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  2. Decide how many shares you want.

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    Please note that the stock market conducts transactions under share count, not dollar amount. To make the conversion, take the dollar amount you want to invest and divide that by the market price of the target stock. Whatever is the whole number represents the shares you can purchase.

  3. Choose your order type.

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    Bid: The bid is the maximum price a buyer is willing to pay for a stock. It is always lower than the ask.
    Ask: On the other end, the ask is the minimum price that a seller is willing to accept. It is always higher than the bid.
    Spread: The spread is the difference between the bid and ask. The bid-ask spread is important for 2 reasons. First, it represents the profitability margin for market makers who acquire and distribute stocks. Second, the spread is the de-facto indicator of market liquidity, with narrower spreads indicating high liquidity while wider spreads suggesting lower liquidity.
    Limit order: If you want transparency and total control over your orders, you should elect a limit order, which executes a trade only at a predetermined price. However, its drawback is that no guarantee exists that the target stock will reach said price.
    Market order: If you prefer a guarantee of fulfillment within normal trading hours, you should consider deploying a market order, which executes a trade at the next available price. But the disadvantage is that a market order fulfills at the terms least favorable to you.
    Stop-loss order: A stop-loss order is a safety valve to protect the value of your portfolio. Essentially, it’s a market order in reverse, exiting you out of your position at either a predetermined price or the next available price, whichever comes first. However, the risk is that the next available price could come first in a gap-down session, meaning that you could exit at a much-lower-than-anticipated price.
    Stop-limit order: A stop-limit order is basically a limit order in reverse. It will exit you out of your position only at a predetermined price. But the drawback of this order type is that if the stock never reaches the specified price, you would have been better off initiating a stop-loss order.

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Sours: https://www.benzinga.com/money/how-to-buy-tokopedia-ipo-stock/
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The Amazon of Indonesia? GoTo Group IPO Decacorn -- Gojek Merges With Tokopedia

Gojek, a CNBC Disruptor 50 company, and e-commerce player Tokopedia recently announced a merger to create the GoTo Group. GoTo plans to complete an IPO in , which will be listed in Jakarta and the United States, with an expected valuation between $35 and $40 billion. This historic merger marks Indonesia's largest business deal. That's right, Indonesia has its very own decacorn -- a start-up unicorn with a valuation of more than $10 billion.

Indonesia offers tremendous growth opportunities. The Southeast Asian total addressable market is expected to triple to $ billion by , and $ billion of that TAM is represented by Indonesia.

Combining Gojek and Tokopedia will create a tech giant comprising

  • + million monthly active users
  • 11+ million merchants
  • 2+ million drivers
  • 2% of Indonesia's $1 trillion GDP

An estimated million Indonesians live in rural areas. Indonesia is a large, complex archipelago of 17, islands, which creates a logistical nightmare for businesses like Gojek and Tokopedia. Combining forces makes sense, and it can unlock tremendous operational advantages. I see this as a threat to Sea Limited's (NYSE:SE) Shopee e-commerce business, which has already been losing market share to Tokopedia.

Combining Gojek and Tokopedia will also allow GoTo Group to take on larger rivals such as Grab, which is based in Singapore and also looking to complete a SPAC with Altimeter Growth Corp(NASDAQ:AGCU.U)later this year. Upon completion, Grab's plan is to list on the NASDAQ using the ticker symbol GRAB.

GoTo has opportunities in several business segments. An estimated 92 million Indonesians are unbanked, which creates an enormous opportunity for GoTo Group's financial technology (fintech) division.

Could GoTo Group be a three-headed monster like Singapore's Sea Limited? Or even the Amazon(NASDAQ:AMZN) of Indonesia? 

Sours: https://www.fool.com/investing//06/23/the-amazon-of-indonesia-goto-group-ipo-decacorn-go/

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