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Zomato To Raise Up To $1B From Investors Ahead Of Ipo: Report

by moneycontrol.com posted 1month ago 20 views
Zomato is expected to launch its IPO around June 2021 for valuation of $6-8 billion. : Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas Zomato is likely to raise $750 million to $1 billion through its planned initial public offering (IPO) – without investor exits or share sales, sources told The Economic Times. Sources told the paper that Zomato co-founder and CEO Deepinder Goyal had told employees that the IPO would “most probably be 100 percent primary offering,” as investors would want to keep long term “upshot from the stock” in mind.

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