Swiggy's IPO to Generate $1 Billion for 5,000 Employees

• Swiggy's upcoming IPO is set to create over $1 billion in wealth for nearly 5,000 current and former employees.
• The company has around 230 million ESOPs across three schemes, worth $1.06 billion at the upper end of the IPO price band.
• This event marks one of the most broad-based employee liquidity events, second only to Flipkart in India.
• Swiggy's ESOP policy is considered more employee-friendly, leading to superior deals for staff from the listing.
• The IPO will convert many employees into millionaires and hundred-thousandaires, with exact numbers to be disclosed at the launch.

Source: The Arc