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Zepto said to face sharply lower valuation for IPO
Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicate interest at $4.5 billion, while domestic ones value it lower. This contrasts sharply with its $7 billion valuation from last October's fundraise. The company aims to raise $850 million through its initial public offering. Proceeds will fund network expansion and technological infrastructure improvements.
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economictimes.indiatimes.com
Zepto said to face sharply lower valuation for IPO
Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicate interest at $4.5 billion, while domestic ones value it lower. This…
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thehindubusinessline.com
Zepto is said to face sharply lower valuation for IPO
Zepto aims for a lower IPO valuation of $4.5 billion amid concerns over profitability and cash burn in the industry.
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Zepto may cut IPO size by 20%; investor bids peg valuation at $3.5-4 billion: sources - The Economic Times
Zepto is expected to announce its price band over the next seven to eight days, another person said. Sebi rules require companies to refile their draft prospectus if the issue…
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Zepto IPO anchor book nears closure; Norges, Motilal Oswal may take 40-45%
In a notable financial move, major investors like Norges and Motilal Oswal are expressing a keen interest in Zepto's upcoming initial public offering, which is valued at…