GOTO Shares Free Fall, Now Sold For Rp 270 Per Share
JAKARTA, KOMPAS.COM At the close of trading on the Stock Exchange Indonesia (IDX) T GoTo Gojek Tokopedia (GOTO) share price in session first, it fell nearly 7 percent. More precisely, down 6.9 percent or 20 points at the level of Rp 270 per share.
GOTOs stock decline which is quite deep has occurred since the beginning of the week this. Starting from a decline of 3.5 percent on Monday, then 5.4 percent, and 6.4 percent at the close of trading Wednesday.
DRINNING GREENSHEE?
Listed on the IDX on April 11, GOTOs shares were released for Rp. 338 per share of 40.6 billion shares. From Initial Public Offering (IPO), GOTO pocketed fresh funds of Rp. 13.7 trillion.
Since taking the floor on the IDX until now, GOTOs share price has fallen more than 20 percent. Even though GOTOs stock price continues to fall, GOTO has a Greenshoe mitigation, to withstand further weakening.
However, the mitigation of course has limitations, so that if the Greenshoe scheme continues to be used, so there comes a time Greenshoe is exhausted, and the movement of shares is entirely based on the mechanism market.
OPEN APAK?
GREENSHOE DOES NOT GUARANTEE IF GOTOS SHARE IS CORRECTED IN
Associate Director of Research and Investment Pilarmas Investindo Securities Maximilianus Nico Demus said, the decline in stock prices GOTO was caused by a fairly high investor sell-off.
On the other hand, Greenshoe does not fully guarantee GOTOs share price not corrected in.
Indeed, if we pay attention, all decisions are ours (investor), in the sense of looking in the mirror with Bukalapak (BUKA) shares. GOTO the past few days have experienced great selling pressure. If we see, yesterday GOTOs stock has touched below the IPO price, then how much strong Greenshoe option to support GOTO shares? say Maximilianus to Kompas.com, Wednesday (27/4/2022).
ESTABLISHED UNTIL YOU ACKNOWLEDGE IT WILL BE DIFFICULT TO MAKE PROFIT
LOSS TECHNOLOGY STOCK, TRAUMA INVESTORS
Maximilianus also considered that currently many investors are also reflecting on the performance of BUKAs shares, considering that there are similarities between BUKA and GOTO. Both are the same as big startup companies, with loss-making financial position.
Unfortunately, the loss of technology stocks caused investors to psychologically traumatized. Why? because of the past, OPEN up two consecutive days, then immediately ARB (Auto Reject Down) days. GOTO did experience an increase, but when GOTO has started to go down, many market participants and investors are choosing to sell, he explained.
