Zomato IPO: India food delivery ‘unicorn’ opens $1.2bn offering
It is the first big Indian digital start-up to go public – expectations are high but analysts are wary. …
Ahead of Wednesday’s opening, Zomato had already allotted shares worth $562.3m to about 200 foreign and domestic investors. The list included major international private equity firms such as Tiger Global and BlackRock, and Indian investment funds from some of the country’s biggest banks such as State Bank of India, Kotak, ICICI and HDFC.
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