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  3. Softbank-backed Swiggy said to eye IPO filing this week

Softbank-backed Swiggy said to eye IPO filing this week

15 Sept 2024

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Key Takeaways

Swiggy’s IPO seeks over $1 billion, reflecting strong investor interest in a booming Indian market that has raised $7.8 billion this year.

Swiggy’s IPO seeks over $1 billion, reflecting strong investor interest in a booming Indian market that has raised $7.8 billion this year.

Swiggy

Swiggy

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Expert Analysis

Swiggy, Backed by SoftBank, is expected to File for IPO This Week.

Expert Analysis:

  • IPO Plans: Swiggy Ltd. plans to file for its domestic IPO this week, aiming to raise over $1 billion amidst a strong share sale pipeline.

  • Regulatory Approval: The company is awaiting approval from India's Securities and Exchange Board of India (SEBI), to proceed with the IPO filing.

  • Details in Discussion: The IPO’s size and timing are still under discussion.

Publisher:money control