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Home » Zomato IPO Witness Full Subscription on Day 1

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Zomato IPO Witness Full Subscription on Day 1

TheNewsFacts
Last updated: July 15, 2021 12:12 pm
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Zomato IPO Witness Full Subscription on Day 1
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The maiden IPO of online food delivery company Zomato ‘s $1.3 billion initial public offering was fully subscribed on the first day, a vote of confidence for the startup from the investment / stock market setting a huge enthusiasm and inspiration for other startups readying for IPO.

Zomato IPO, according to latest market reports, got bids for about 749 million shares against 719.2 million shares on offer. Its IPO is set to be India’s largest since March 2020, according to data compiled by Bloomberg, and the largest sale was 40% subscribed on its first day.

received more love today than on our birthday 4 days ago

glad to see people care less about how far we've come and more about how far we can still go ❤️

— zomato (@zomato) July 14, 2021

“Startups that are big enough and mature have outgrown the venture capital and private equity funds’ ability to invest,” said Manisha Girotra, country head for Moelis & Co. “These companies which need larger pool of capital to grow are the ones readying to go to the public market.”

Day 0. https://t.co/WZENlH7FGA

— Deepinder Goyal (@deepigoyal) July 14, 2021
TAGGED: IPO News, Startup Zomato, Zomato, Zomato IPO
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