Razorpay moves closer to IPO with board nod to go public

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Digital payments firm Razorpay has secured board approval to convert into a public limited company, bringing it a step closer to its planned stock market debut in India.

The development comes as the Bengaluru-based firm begins the process of reverse flipping its parent entity from the United States to India.

“As part of our redomiciling to India, we are initiating the process to become a public company, well before our IPO in around two years, to align with best governance practices and build early readiness,” said a Razorpay spokesperson.

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Razorpay moves closer to IPO with board nod to go public


Digital payments firm Razorpay has secured board approval to convert into a public limited company, bringing it a step closer to its planned stock market debut in India.

The development comes as the Bengaluru-based firm begins the process of reverse flipping its parent entity from the United States to India.

“As part of our redomiciling to India, we are initiating the process to become a public company, well before our IPO in around two years, to align with best governance practices and build early readiness,” said a Razorpay spokesperson.

News…



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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