Indonesia’s GoTo falls as low as 3.14% on 2nd day of trading

JAKARTA – Shares of Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia fell as much as 3.14% on its second day of trading on Tuesday, after raising $1.1 billion in an initial public offering.

The shares rose as much as 15.7% earlier in the session before erasing its gain. GoTo gained 13% on its debut trading a day earlier.

(Reporting by Stefanno Sulaiman and Fransiska Nangoy; Editing by Martin Petty)