India's Zomato to launch $1.25bn IPO next week


Source: nikkei.com nikkei.com

Key Topics in this News Article:

News Snapshot:

Zomato, one of India's leading tech unicorns, is hoping to raise $1.25 billion in an IPO. © Getty Images ROSEMARY MARANDI, Contributing writer July 8, 2021 20:46 JST | India Copy Copied MUMBAI -- Indian food delivery unicorn Zomato is hoping to raise $1.25 billion in an initial public offering of shares at a range of 72-76 rupees each next week. The company is planning to sell 90 billion rupees ($1.2 billion) worth of new shares, while majority shareholder Info Edge India is hoping to offload 3.75 billion rupees of shares it holds. The offer period is July 14 to...