IPO: New-age tech IPOs make a comeback after three-year lull; raise Rs 15,000 crore in 2024: report

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The stock market has seen frenetic activity for new-age companies this year, after a hiatus of three years. The year 2024 has been the best for fundraising via public listing since 2021, with Rs 15,000 crore being racked up on the bourses, The Times of India reported, citing data from the Prime Database.The year saw six major initial public offerings (IPOs), including Ola Electric and Firstcry, raising Rs 14,571 crore. In 2021, the first cohort of startups hit the markets, including Zomato, Paytm and Nykaa. Seven such startups had together raised Rs…



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IPO: New-age tech IPOs make a comeback after three-year lull; raise Rs 15,000 crore in 2024: report


The stock market has seen frenetic activity for new-age companies this year, after a hiatus of three years. The year 2024 has been the best for fundraising via public listing since 2021, with Rs 15,000 crore being racked up on the bourses, The Times of India reported, citing data from the Prime Database.The year saw six major initial public offerings (IPOs), including Ola Electric and Firstcry, raising Rs 14,571 crore. In 2021, the first cohort of startups hit the markets, including Zomato, Paytm and Nykaa. Seven such startups had together raised Rs…



Source link

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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