PhonePe Picks Four Banks For IPO, Seeks Up To $15 Bn Valuation: Report

Share via:


Walmart-owned PhonePe has reportedly picked four investment banks to advise on its upcoming initial public offering (IPO) as the company in India prepares to enter the domestic tech IPO space, aiming for a valuation of up to $15 Bn.

As per Moneycontrol’s report, citing industry sources, the company is planning to initiate the IPO process in the first week of March, bringing onboard Kotak Mahindra Capital, JP Morgan, Citi, and Morgan Stanley as its advisors. Additional advisors may be added later if necessary.

The IPO is likely to be a…



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.

Popular

More Like this

PhonePe Picks Four Banks For IPO, Seeks Up To $15 Bn Valuation: Report


Walmart-owned PhonePe has reportedly picked four investment banks to advise on its upcoming initial public offering (IPO) as the company in India prepares to enter the domestic tech IPO space, aiming for a valuation of up to $15 Bn.

As per Moneycontrol’s report, citing industry sources, the company is planning to initiate the IPO process in the first week of March, bringing onboard Kotak Mahindra Capital, JP Morgan, Citi, and Morgan Stanley as its advisors. Additional advisors may be added later if necessary.

The IPO is likely to be a…



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.

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

More like this

Wipro Consumer Care – Ventures Makes Strategic Entry into...

In a significant move to diversify its consumer...

Singapore Kicking Out Unlicensed Firms is Part of Global...

Singapore’s latest order for unlicensed crypto firms to...

Panasonic partners with MeitY Nasscom Centre of Excellence (CoE)...

Bengaluru, 6th June, 2025: Panasonic Life Solutions India (PLSIND),...

Popular

Upcoming Events

asdasdas asdasdas asdasdas asdasdas asdasdas asdasdas asdasdas asdasdas