CosmicTaco
Swiggy Targets $12.7B Valuation for $1.4B IPO in November
- Swiggy is aiming for a valuation of $11.7 billion to $12.7 billion for its upcoming IPO, set to launch in early November.
- The IPO includes a fresh issue component of Rs 3,750 crore and an offer for sale of up to 182,286,265 equity shares.
- The primary component may be increased to Rs 4,500 crore, leading to a combined IPO size exceeding Rs 12,000 crore or $1.42 billion.
- Major investors in Swiggy include Prosus (32%), SoftBank (8%), and Accel (6%).
- Swiggy received approval from the Securities and Exchange Board of India (SEBI) for its IPO in September.
Source: Moneycontrol
2mo ago
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