Food Ordering Major Zomato Aims IPO Valuation Of Around USD 8 Billion
Online food ordering major Zomato is aiming at a valuation of as much as USD 7.98 billion through its initial public offering (IPO). The IPO is priced at 72 to 76 rupees per share. Backed by China's Ant Group the firm in its regulatory filing said that its offer will include a fresh issue of shares worth up to Rs 90 billion and a share sale worth up to Rs 3.75 billion by top shareholder Info Edge (India), taking the total offering to Rs 93.75 billion rupees.Â
Zomato's market value comes up to Rs 596.23 billion. The subscription for the IPO is set to open on July 14, 2021.Â