Ather Energy Likely To Reduce IPO Size Amid Market Uncertainty

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SUMMARY

Ather Energy is mulling cutting its IPO size by at least $50 Mn from its earlier target of $400 Mn amid ongoing market volatility

The company’s shareholders are considering offering a lower number of shares under the offer-for-sale component of the IPO

The market turmoil might also result in Ather seeking a lower valuation for the IPO

EV maker Ather Energy is reportedly mulling cutting its IPO size by at least $50 Mn (about INR 430 Cr) from its earlier target of $400 Mn (about INR 3,460 Cr) amid the ongoing…



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Ather Energy Likely To Reduce IPO Size Amid Market Uncertainty


SUMMARY

Ather Energy is mulling cutting its IPO size by at least $50 Mn from its earlier target of $400 Mn amid ongoing market volatility

The company’s shareholders are considering offering a lower number of shares under the offer-for-sale component of the IPO

The market turmoil might also result in Ather seeking a lower valuation for the IPO

EV maker Ather Energy is reportedly mulling cutting its IPO size by at least $50 Mn (about INR 430 Cr) from its earlier target of $400 Mn (about INR 3,460 Cr) amid the ongoing…



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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