Nykaa to expand its services to the Middle East and Europe

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FSN E-Commerce Ventures Ltd, which owns online beauty and cosmetics retailer Nykaa, said on Monday that it is looking to expand its services to the Middle East and Europe as it prepares for its public share sale later this month.

The company has priced its initial public offering (IPO) at Rs 1,085 to 1,125 per share, with the possibility of raising up to Rs 5350 crore at the upper end of the price range, giving it a valuation of up to $7.11 billion. The three-day initial share sale will begin on Thursday, October 28 and will end on November 1. The offer consists of a new issue of equity shares worth up to Rs 630 crore and a sale of up to 41.9 million equity shares by the selling shareholders. It includes a reservation of up to 250,000 equity shares for eligible employees to purchase.

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Nykaa to expand its services to the Middle East and Europe

FSN E-Commerce Ventures Ltd, which owns online beauty and cosmetics retailer Nykaa, said on Monday that it is looking to expand its services to the Middle East and Europe as it prepares for its public share sale later this month.

The company has priced its initial public offering (IPO) at Rs 1,085 to 1,125 per share, with the possibility of raising up to Rs 5350 crore at the upper end of the price range, giving it a valuation of up to $7.11 billion. The three-day initial share sale will begin on Thursday, October 28 and will end on November 1. The offer consists of a new issue of equity shares worth up to Rs 630 crore and a sale of up to 41.9 million equity shares by the selling shareholders. It includes a reservation of up to 250,000 equity shares for eligible employees to purchase.

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.

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