Ahead of its IPO, PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has announced it will allocate over $20 million to driver-partners. In Indonesia, the driver-partners will receive a share grant under the Gotong Royong Share Program.

“It has always been our dream to be able to share the benefits of our IPO with partners in our ecosystem,” GoTo Group CEO Andre Soelistyo said. “Through the Gotong Royong Share Program, we are able to show our appreciation to loyal driver-partners who have helped build GoTo from the very beginning and who have journeyed with us through the ups and downs. GoTo wants everyone in our ecosystem to enjoy the fruits of our collective success so we can continue to grow together for the long-term.”

Almost all driver-partners in Indonesia will have the opportunity to participate in this program. The eligibility criteria for driver-partners to receive the reward are based on various factors, including their service category, the length of time they have been registered as a partner, and their active status.

Through this program, each Indonesian driver-partner who registered between 2010 to 2016 has the opportunity to receive 4,000 GoTo’s Series A shares, while driver-partners who registered from 2017 to February 2022 can receive 1,000 GoTo’s Series A shares. Driver-partners will receive their shares after the eight-month lock-up period, calculated from GoTo’s effective statement date (March 30, 2022).

Separately, aligned to applicable regulations, driver-partners in Singapore and Vietnam will also receive a form of appreciation in cash.

GoTo’s Gotong Royong Share Program is one of the most inclusive share ownership programs in the world today, which not only enables driver-partners to benefit from GoTo’s IPO but also engages merchants, consumers, and employees.

Loyal GoTo merchant and consumer partners received priority access to order GoTo shares through a fixed allocation during the book-building period, which took place from March 15 to 24. Full-time employees were also provided the opportunity to become shareholders in GoTo, through the company’s Long Term Incentive Plan Program, which aims to attract and reward high-performing talent and foster an “ownership mentality”.