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India Business News: Swiggy, the Softbank-backed food delivery company, is eyeing a 2024 stock market listing and has initiated talks with bankers to assess its valuation,
With the IPO still some way off, Ola is embarking on investor meetings earlier than usual to explain the business potential of India's nascent EV market.
The mediterranean fast-casual restaurant chain plans to offer over 14 million shares for between $17 and $19 per share, which could raise between $245.6 million to $274.4 million dollars. Valuation: $2.1 billion. The chain plans to list on the New York Stock Exchange under the ticker CAVA.
Just eight companies launched IPOs in July to September, raising a total of £565.5 million, according to EY.
Companies putting their IPO plans on hold means employees looking to liquidate their shares are increasingly turning to secondary markets. Secondary markets allow investors to purchase shares from private-company employees and early investors with equity in a company.