Firstcry IPO: FirstCry is set to withdraw its papers for an up to $500 million IPO as early as next week, after India s markets regulator raised questions over key metrics it disclosed to investors.
Happy Friday! Omnichannel retailer FirstCry will refile its IPO papers following queries from Sebi. This came right on the back of Swiggys $1.25 billion proposed IPO receiving shareholder nod. This and more in todays ETtech Morning Dispatch.
FirstCry parent BrainBees filed papers with India s Securities and Exchange Board of India last December for an IPO that would have been one of the country s biggest this year.
FirstCry, backed by SoftBank, TPG and India s Mahindra and Mahindra sells baby products, including clothes, diapers and toys, seeking to tap the market for new parents in the world s most populous country.