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Is Swiggy doing an IPO soon? Will their price be defined based on Zomato’s trading price?

https://www.business-standard.com/amp/markets/news/swiggy-may-file-papers-with-sebi-for-ipo-in-2-weeks-to-raise-rs-8-000-cr-124021401787_1.html

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tenxengineer

PhonePe

7 months ago

Canonical (de-amp'ed) URL: https://www.business-standard.com/markets/news/swiggy-may-file-papers-with-sebi-for-ipo-in-2-weeks-to-raise-rs-8-000-cr-124021401787_1.html
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AGentleGiant

Tatvasoft

7 months ago

Companies need to disclose the method of valuation in the DRHP, so once they file for IPO you will be able to find out how they arrived at the IPO price. Let me know if you need any help in understanding the nuances, have spent more than a decade doing just this!
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- Swiggy has launched a $65 million ESOPs liquidity programme, marking its fifth such event since 2018. - Employees across various levels can now receive liquidity for their ESOPs in the secondary market. - This is the third consecutive ESOP liquidity event following those in July 2022 and 2023. - Swiggy has enabled over Rs 1,000 Cr of ESOPs liquidity, benefiting 3200 employees over five events. - The announcement comes as Swiggy prepares for its IPO, with plans to raise approximately $1.25 billion. Source: Entrackr

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