Gojek and Tokopedia officially announced the merger of their respective business lines by forming the GoTo group.

The formation of the GoTo Group is said to be a preparation for an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX).

Director of the Indonesia Stock Exchange Assessment, I Gede Nyoman Yetna, said that until now, IDX had not received the share listing application document either from Gojek, Tokopedia, or the GoTo joint entity.

"We have not received the listing application document. As an Exchange, of course we will always be ready to accept and process all applications for companies planning to IPO and list their shares on the IDX," said Nyoman in his written statement, on Tuesday (18/5).

Furthermore, IPO is a strategic company decision; thus, a company must carefully consider and prepare everything.

"Including corporate actions carried out before the IPO. We also welcome the announcement