SoftBank-Backed Swiggy to Debut in India After Mega $1.3 Billion IPO
Swiggy is set to debut on the Indian stock markets. The $1.3 billion initial public offering is one of the few $1 billion-plus listings in India this year. It was one of the first companies that expanded beyond food delivery to quick commerce.
Swiggy experiences a remarkable 15% increase on its IPO debut, marking an impressive entry into the stock market.
SoftBank did not sell its stakes in the company as part of the OFS (Offer For Sale), continuing to hold on to a 7.4% stake ...
Several brokerages have initiated coverage on Swiggy stock, which popped 7.7% upon listing on Wednesday, with perspectives ...
While existing shareholders sold stocks worth Rs 6,400 crore in the offer-for-sale (OFS) to book a big profit on their ...
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SoftBank-backed Swiggy's shares jumped nearly 15 per cent in their trading debut in India on Wednesday, signalling growing ...
Swiggy, which is backed by Japan's SoftBank and investment giant Prosus, has pushed the limits of rapid commerce in India ...
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