CosmicTaco

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

CosmicTaco · 2024-11-12T14:24:18.411016+05:30

* 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](https://thearcweb.com/article/swiggy-ipo-billion-dollar-wealth-employees-sriharsha-majety-rI7Gr8xtf8kam605)

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

4mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

DancingRaccoon

Wipro4mo

Lol wtf was that notification, i thought 1B per person

GoofyBurrito

Student4mo

$5 trillion economy achieved thanks to swiggy alone 😇😇

DancingUnicorn

Stealth4mo

upcoming IPO? The IPO has been closed on 8th itself & allotted on 11th Nov. Lists tomorrow

SnoozyPotato

Stealth4mo

sara maal to upr wale le gaye

SnoozyPotato

Stealth4mo

4000cr / 5000

DancingBoba

Ninjacart4mo

Average ₹80 lakh/person

CosmicLlama

Freelancer4mo

HR gets 255CR? - that better be one hell of a rangoli design.

DancingPenguin

Student4mo

Hahahahaha what a 🔥

WobblyBagel

Microsoft4mo

PeppyBagel

Stealth4mo

The problem with these news is that there will be 10-12 people who will be holding 99 percent wealth.. Rest 1 percent will be with 99percent people.. Which amounts to pennies.