GoTo Shares Surge as Grab Merger Rumors Intensify

Increased Foreign Investment Amid Speculation

Shares of PT GoTo Gojek Tokopedia Tbk (GOTO) attracted significant investor attention amid growing rumors of a potential merger with Grab. On November 11, 2025, GOTO shares closed higher at Rp 67 per share. Data from Bloomberg revealed that foreign investors executed net buying of Rp 122.50 billion on that day across the entire market. For the month, foreign net buying reached Rp 5.74 trillion, demonstrating sustained interest in Indonesian tech stocks.

Major Investors Accumulate Shares

Prominent global investment firms BlackRock and JPMorgan increased their stakes in GOTO amid the merger speculation. This accumulation by major institutional investors suggests growing confidence in GoTo's potential strategic developments. The increased investment comes as industry observers speculate about a possible merger between GoTo and Grab, another major player in Southeast Asia's digital economy.

Market Implications

The surge in GOTO shares reflects broader market sentiment toward potential consolidation in the regional tech sector. As major investors accumulate positions, the likelihood of significant market movements increases. The situation is being closely monitored by both investors and industry analysts as developments unfold.