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Zomato reveals its much-awaited IPO plan and it's worth $1.1 billion

Zomato reveals its much-awaited IPO plan and it’s worth $1.1 billion
Sanchita DashApr 28, 2021, 11:58 IST
Zomato has filed for a $1.1 billion IPOBCCL
The food delivery unicorn has filed the draft red herring prospectus for a $1.1 billion initial public offering (IPO) with the bourses.
Zomato is offering equity shares worth ₹8,250 crore, out of which ₹7,500 crore will be a fresh issue, while ₹750 crore is an offer for sale from one of its earliest backers Info Edge.
Zomato was last valued at $5.4 billion.Zomato has finally moved the Securities and Exchange Board of India (SEBI) for its much awaited public market debut. The food delivery unicorn has filed the draft red herring prospectus for a $1.1 billion initial public offering (IPO) with the bourses. ....

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