IPO-bound Swiggy sets valuation target at $11.3 billion to aid retail participation; Issue to open post Nov 6
Food delivery giant Swiggy plans to list at a valuation of $11.3 billion for its upcoming IPO, . The earlier plan was to list at a higher $15 billion valuation or above. However, Swiggy has slashed its IPO valuation target due to the current volatility in the Indian stock market and to ensure greater retail investors’ participation.
The last private market valuation was when Invesco became an investor at $10.3 billion. Swiggy IPO issue is set to open for subscription after November 6, 2024. More than 30 foreign investors are expected to anchor the book.
