Will Swiggy Mirror Zomato's IPO Success?
Zomato's IPO Journey
In July 2021, Zomato filed for IPO despite losses. The IPO was subscribed 38.25 times and listed at a 51% premium.
Market Sentiment and Recovery
Zomato’s market sentiment was positive. It recovered from losses, yielding 200% profit for investors in a year.
Swiggy's IPO Plans
Swiggy plans a $1.25 billion IPO with a $450 million fresh issue and an $800 million offer for sale.
Valuation Comparisons
Swiggy's IPO valuation is estimated between $10 billion and $14 billion, compared to Zomato’s higher market cap.
Market Position and Strategy
Swiggy’s IPO strategy is influenced by Zomato’s success. Partnerships and cost-cutting are key for Swiggy’s growth.
Future Prospects
Swiggy must show a clear path to profitability to attract investors. The IPO’s success depends on its growth strategy.
Can Swiggy’s High Valuation Stand Up To The IPO Test? Here’s What Grey Market Indicates
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