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Swiggy's share issue comes on the heels of Hyundai Motor India's record IPO, which received a dismal response from retail investors put off by the price. The carmaker's stock is down 6% since listing.
SoftBank-backed Indian food delivery giant Swiggy is targeting a valuation of around $15 billion for its upcoming stock market offering to raise $1-1.2 billion, three people familiar with the ...
Swiggy is selling shares worth 37.5 billion rupees ($448.56 million), while existing shareholders including Prosus, Accel India and Tencent Europe will sell about 185.3 million shares, the company ...
In January 2024, Swiggy laid off 400 employees, or 6% of its workforce, ahead of IPO. [31] [32] In April 2024, Swiggy converted itself into a public limited company [33] and confidentially filed for an initial public offering. [34] Swiggy launched its initial public offering (IPO) in November 2024 at ₹390 per share, valuing the company at $11 ...
IPO 73 China Cheng Wei: Facebook 50 January 2011 May 2012 [608] IPO 104 United States Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Chris Hughes, Dustin Moskovitz: Xiaomi: 45 April 2015 July 2018 [609] IPO 70 China Lei Jun: Alibaba: 42 June 2016 September 2014 [610] IPO 238 China Jack Ma: Lufax: 39.4 March 2019 October 2020 [611] IPO 33 ...
Indian food delivery startup Swiggy is in talks to raise over $500 million in a new financing round that could value it at over $10 billion, two sources familiar with the matter told TechCrunch.
It was the largest ever IPO in India. [66] The shares began trading on 18 November 2021, opening at ₹ 1,950 on the NSE, 9.3% below the upper band of the IPO price range, and closed down more than 27% at ₹ 1,560, [67] making it the biggest drop on a listing day in Indian IPO history. [68] In December 2021 Paytm launched Paytm Wealth Academy ...
Swiggy was valued at $5.5 billion in July last year. Swiggy, India's top food delivery startup, has raised $700 million in a new financing round, just six months after securing $1.25 billion, as ...