India Startup Nykaa Is Said to Seek $4 Billion Valuation in IPO

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India Startup Nykaa Is Said to Seek $4 Billion Valuation in IPO

Bloomberg2021-07-29

Country’s technology market has been surging in recent months Zomato soared 75% since becoming first unicorn to go public India’s Nykaa is preparing to file for an initial public offering that could ...

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Jlast
·2021-07-29
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- AxlChoo:
  help like!
  2021-07-29
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- D8999:
  Like please
  2021-07-29
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GM1318
·2021-07-29
Hello
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- TCRaN:
  nice
  2021-07-29
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Denn205
·2021-07-29
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- AxlChoo:
  good
  2021-07-29
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- GM1318:
  Hi
  2021-07-29
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It plans to sell just more than 10% of the equity, one of the people said, which could raise $400 million or more.\nIndia’s technology industry has turned white hot this year, with startups raising record amounts of venture capital and a flurry of initial public offerings. The food-delivery app Zomato Ltd. became the nation’s first unicorn to make its stock-market debut this month, raising $1.3 billion. Its shares have soared more than 75%, giving the money-losing business a valuation of $14 billion.\nThe online insurance platform Policybazaar, backed by Japan’s SoftBank Group Corp., is also expected to fileits draft red herring prospectus in the coming days, with a more than a dozen technology startups aiming for IPOs through next year.\nNykaa, founded in 2012 by former investment banker Nayar, has grown into India’s top destination for beauty products with its own chain of physical outlets and 18.5 billion rupees ($250 million) in revenue in fiscal 2020. 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Any valuation could still change andmarket conditionscould also play into the calculations.\nNykaa declined to comment on the timing of the IPO filling or the specifics of a valuation.\nBloomberg News first reported the company’sIPO plans and that the company is working with Kotak Mahindra Capital Co. and Morgan Stanley on a potential offering.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":808038171,"gmtCreate":1627542070593,"gmtModify":1703492003253,"author":{"id":"3582014931431017","authorId":"3582014931431017","name":"Jlast","avatar":"https://static.tigerbbs.com/84d2ee834b911271a90f7c6f76eb1190","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582014931431017","authorIdStr":"3582014931431017"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n 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