SoftBank and NewQuest Capital Partners looking to sell shares in the IPO-bound FirstCry

Share via:

Investors in the ecommerce unicorn FirstCry, including SoftBank and NewQuest Capital Partners, are apparently looking to sell shares.

Japan’s SoftBank is attempting to lower its ownership of FirstCry, according to sources cited in an ET story. With a 29% interest in the ecommerce unicorn, Masayoshi Son-led investor is now the largest investor. It wants to cut its ownership to less than 25%. If this transaction goes through, it will be FirstCry’s third significant secondary share sale. The transaction might result in a $4 billion total valuation for FirstCry, up from the $2.7 billion secondary share offering earlier this year.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

SoftBank and NewQuest Capital Partners looking to sell shares in the IPO-bound FirstCry

Investors in the ecommerce unicorn FirstCry, including SoftBank and NewQuest Capital Partners, are apparently looking to sell shares.

Japan’s SoftBank is attempting to lower its ownership of FirstCry, according to sources cited in an ET story. With a 29% interest in the ecommerce unicorn, Masayoshi Son-led investor is now the largest investor. It wants to cut its ownership to less than 25%. If this transaction goes through, it will be FirstCry’s third significant secondary share sale. The transaction might result in a $4 billion total valuation for FirstCry, up from the $2.7 billion secondary share offering earlier this year.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Paytm Shares Fall over 3% Intraday; Emkay Retains “Reduce’...

SUMMARY The decline in the stock's price comes after...

IPO-Bound Swiggy Strengthens Instamart’s Leadership Team With Four Key...

SUMMARY The Bengaluru-based startup said that these new appointments...

India’s Beatoven.ai Shows the World How AI Music Generation...

AI music generation is a tricky business. Amidst...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!