Ola Electric Did The Right Thing By Pricing IPO Lower Than Last Valuation: Rajesh Sawhney

Ola Electric Did The Right Thing By Pricing IPO Lower Than Last Valuation: Rajesh Sawhney

SUMMARY

“Ola did the right thing by pricing the company’s IPO lower than its last valuation,” GSF Accelerator founder Rajesh Sawhney said

With the Indian equities market in a bull market, Sawhney said this is the right time for companies with strong fundamentals to go for IPO

Investors and founders have learnt lessons from funding winter and are showing maturity now in terms of startup valuations,” ICICI Ventures' director Tej Kapoor said

Listed escooter maker Ola Electric’s decision to launch its initial public offering (IPO) at a valuation lower than its last private valuation has received a thumbs up from Rajesh Sawhney, founder and chief executive of GSF Accelerator.

“Ola did the right thing by pricing the company’s IPO lower than its last valuation,” the serial entrepreneur said at Inc42’s MoneyX 2024 event on Thursday (September 26).

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