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Zomato's Debut to Test Appetite for India's New Tech Generation


Typhoon Behind China’s Deadly Floods Barrels Toward Key Oil Hub
Top Indian Oil Refiner Betting on Robust Future for Fossil Fuels
Fed Seen Speeding Taper of MBS in Early-2022 Start to Pullback
Chinese Startup Meicai Weighs Hong Kong IPO After Crackdown
As Junk Bond Sales Near Record, Dealmakers Crave a Summer Break
U.K. PMIs Signal Economy Slowing as Covid Hits Supply Chains
Owners of Condom Maker Lifestyles Mull $500 Million Sale
China Considers Turning Tutoring Companies Into Non-Profits
Banks Rethink Evergrande Mortgage Halt After Queries From HKMA
‘Really Annoying’ Chip Shortage Constrains Volvo Before IPO
Looking Into a Crystal Ball With Bloomberg Intelligence s Chief Equity Strategist ....

New Zealand , Narendra Modi , Sanjeev Bikhchandani , Vijay Shekhar Sharma , Pankaj Chaddah , Ant Group Co , Info Edge India Ltd , Ebay Inc , Facebook Inc , Indian Institute Of Engineering , Bain Co , Flipkart Online Services Pvt , Paytm To Walmart Inc , Alibaba Group Holding Ltd , Doordash Inc , Deepinder Goyal Zomato Ltd , Sequoia Capital , Delhi University , Deepinder Goyal , Pav Bhaji , Alibaba Group Holding , Flipkart Online Services , New Hope , Tech Investors With Fund Raising , Indian Institute , Info Edge India ,

Zomato's $1.3 bn IPO debut to test appetite for India's new tech generation


For over a decade, Deepinder Goyal’s Zomato Ltd. has delivered soul food from spicy dosa crepes to soft bread Pav Bhaji with curried vegetables to millions across India.
Now, investors get a taste of the fast-growing food delivery giant. The startup soared more than 80% in its Friday debut following a $1.3 billion initial public offering.
Zomato, the first of a generation of internet unicorns to tap India’s capital markets, has generated a seldom-seen frenzy among the local investment community. Investors bragged on Twitter about snagging shares in the startup, yearning for the sort of returns Facebook Inc. and Alibaba Group Holding Ltd. generated. Its IPO is India’s biggest since March 2020, and got about 35 times more bids from anchor investors than shares it intended to sell. ....

New Zealand , Narendra Modi , Sanjeev Bikhchandani , Vijay Shekhar Sharma , Pankaj Chaddah , Ant Group Co , Info Edge India Ltd , Ebay Inc , Facebook Inc , Indian Institute Of Engineering , Bain Co , Flipkart Online Services Pvt , Paytm To Walmart Inc , Alibaba Group Holding Ltd , Doordash Inc , Deepinder Goyal Zomato Ltd , Sequoia Capital , Delhi University , Deepinder Goyal , Pav Bhaji , Alibaba Group Holding , Flipkart Online Services , Indian Institute , Info Edge India , Capital Markets , Bloomberg News ,