Indonesia removed GoTo price floor as GoTo stock stood 90.00 percent below IPO

Published on 10/08/2026 at 12:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GoTo faces a vote on 32.18 billion treasury shares on October 14, 2026. For GoTo stock, second-quarter net revenue reached IDR 5.7 trillion.

GoTo, ID1000166903, Illustration mit AI erstellt.

Indonesia removed GoTo's minimum share price on October 7, 2026, while GoTo stock stood 90.00 percent below its April 2022 IPO price of IDR 338.00, according to Gokhshtein. The exchange change altered a trading constraint, but the company's operating figures point to a separate story.

Trading rules changed on October 7

The minimum price was reduced from IDR 50.00 to IDR 1.00, while the report said GoTo shares had fallen to IDR 37.00 during the earlier selloff. The same report put the decline from the IPO level at 90.00 percent and described the immediate pressure as technical rather than an operating deterioration.

GoTo's latest primary-market quote was IDR 30.00 on the IDX on October 8, 2026, at 4:14 p.m. WIB. The finance quote showed an unchanged session and a market capitalization of IDR 32.0 trillion, with a 52-week range of IDR 26.00 to IDR 73.00.

Profitability provides a counterweight

In the second quarter of 2026, GoTo reported net revenue of IDR 5.7 trillion, up 31.00 percent year over year, and net profit of IDR 252.0 billion, according to IDXChannel. Net profit also rose 47.00 percent from the first quarter, when the company reported IDR 171.0 billion.

The adjusted EBITDA result exceeded IDR 1.0 trillion in the second quarter, while GoTo's full-year 2026 adjusted EBITDA target remained IDR 3.2 trillion to IDR 3.4 trillion, according to Investor Trust. That contrast leaves the stock with two competing reference points: a sharp market repricing and improving reported profitability.

Shareholder vote sets the next date

GoTo will ask shareholders on October 14, 2026, to approve the cancellation of more than 32 billion treasury shares, representing approximately 2.7 percent of issued shares, according to GoTo. The proposed cancellation would reduce the share count if approved, making the meeting a concrete corporate event after the change in trading rules.

GoTo stock remains tied to two signals

The latest IDX quote of IDR 30.00 on October 8, 2026, sits IDR 43.00 below the 52-week high of IDR 73.00, while the second-quarter revenue increase and consecutive profitable quarters offer a measurable operating counterpoint. The next dated signal is the October 14 shareholder vote.