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Alibaba, SoftBank score first 2022 IPO windfall with GoTo sale
The Jakarta-based company raised US$1.1 billion last week, meaning the value of the 2 investors' stakes will be almost US$5 billion combined following the share sale, compared with CEO Andre Soelistyo's post-listing stake of US$235 million, as well as US$213 million and US$494 million for co-founders Kevin Aluwi and William Tanuwijaya.
