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Abu Dhabi wealth fund to lead GoTo's pre-IPO funding with US$400 million investment

Abu Dhabi wealth fund to lead GoTo's pre-IPO funding with US$400 million investment

General view of Abu Dhabi, United Arab Emirates, Jan 3, 2019. (Photo: Reuters/Hamad I Mohammed)

SINGAPORE: The Abu Dhabi Investment Authority will invest US$400 million to lead a pre-IPO fundraising exercise by Indonesia's biggest tech group, GoTo, the southeast Asian firm said on Wednesday (Oct 20).

In a statement, Hamad Shahwan Al Dhaheri, the executive director of the private equities department of the Middle Eastern sovereign wealth fund, said, "This investment in GoTo is aligned with a number of our key investment themes."

One of these features was the digital economy in Southeast Asia's fast-growing markets, he added.

Source: Reuters/zl

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