PhysicsWallah Shortlists Banks for $400-$500M IPO in 2025
- Ed-tech unicorn **PhysicsWallah** has shortlisted **Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan** as advisors for its planned IPO in 2025. - The company, valued at **$2.8bn** after a recent fund raise, aims to raise between **$400m-$500m** through the IPO. - The deal is expected to be a mix of primary and secondary issue of shares, providing growth capital and exit windows for investors. - There's industry buzz about a targeted valuation of **$4bn-$5bn**. - If successful, PhysicsWallah could become **India's first ed tech firm** to debut on domestic bourses. Source: [Moneycontrol]()
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