Chromebook Hearing Raises GOTO Share Valuation Issue; Management Claims Full Compliance with Regulations
JAKARTA — A court hearing into alleged corruption in Chromebook procurement, which implicates Gojek founder and former Minister of Education, Culture, Research and Technology Nadiem Makarim, also brought testimony from management of PT GoTo Gojek Tokopedia Tbk (GOTO).
In response to public scrutiny, GOTO management provided explanations through an official statement regarding the history of Google investment, corporate governance, and information relating to shares held by Gojek founder Nadiem Makarim.
During the court hearing on Monday, 23 February 2026, the difference between nominal value and GoTo share price became one of the issues highlighted.
In a statement on the GoTo company website titled “GoTo’s Growth Story: Our Journey, Investment History, and Corporate Governance”, GOTO also explained how share price setting is conducted.
Whilst the share offer price reflects the amount investors are willing to pay as determined by supply and demand mechanisms, the offer price essentially reflects agreement between the company and investors, taking into account business prospects, market conditions, and industry sentiment.
“We fully comply with these provisions. The nominal value of shares is typically different from the share offering price (when shares are subscribed). The share offering price reflects the amount investors are willing to pay as determined by supply and demand mechanisms,” GOTO management stated in its official statement, cited on Monday (2 March 2026).
In accounting practice, the difference between the share issuance price and nominal value is recorded as additional paid-in capital (share premium) and both the nominal value and share issuance price are recorded in the Company’s financial statements.
GoTo explained that the nominal value and share subscription price have both been clearly outlined in the company’s audited financial statements by independent public accounting firms and are accessible to the public.
GoTo’s consolidated financial statements for 2021 were audited by the Public Accounting Firm Tanudiredja, Wibisana, Rintis and Partners, part of the PricewaterhouseCoopers (PwC) network.
Meanwhile, GoTo’s consolidated financial statements for 2022-2024 were audited by PAF Purwantono, Sungkoro & Surja, part of the Ernst & Young (EY) network. GoTo’s financial statements, both quarterly and annual, are routinely published on the GoTo official website and uploaded to the Indonesia Stock Exchange (IDX) website.