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In January 2024, Swiggy laid off 400 employees, or 6% of its workforce, ahead of IPO. [30] [31] In April 2024, Swiggy converted itself into a public limited company [32] and confidentially filed for an initial public offering. [33] Swiggy launched its initial public offering (IPO) in November 2024 at ₹390 per share, valuing the company at $11 ...
NEW DELHI/BENGALURU (Reuters) -SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to ...
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 $1-1.2 billion, three people familiar with the ...
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Valuation date Exit date Exit reason Exit valuation (US$ billions) Country Founders Uber: 72 August 2018 [604] May 2019 [605] IPO 82.4 United States Travis Kalanick, Garett Camp: DiDi: 62 July 2019 [606] June 2021 [607] IPO 73 China Cheng Wei: Facebook 50 January 2011 May 2012 [608] IPO 104 United States
JOHANNESBURG (Reuters) -South African technology investor Naspers said on Monday its Prosus e-commerce subsidiary plans more listings after last month's Indian IPO of Swiggy, as it posted a 74% ...
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...