BENGALURU, India: Indian food delivery company Zomato’s initial public offering (IPO) is priced at 72 to 76 rupees per share, giving it a valuation of as much as $7.98 billion, the company said on Thursday, as it cashes in on a pandemic-led surge in online ordering.
Zomato, backed by China’s Ant Group and one of India’s most prominent startups, said its offer will include a fresh issue of shares worth up to 90 billion rupees and a share sale worth up to 3.75 billion rupees by top shareholder Info Edge (India), taking the total offering to 93.75 billion rupees($1.25 billion) according to a filing.
Ant Group-backed Zomato aims IPO at valuation of almost US$8 billion
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$8 billion IPO valuation on the menu for Zomato
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Indian food delivery giant Zomato aims IPO at almost $8b valuation
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