Meesho converts to public entity in run-up to IPO

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Ecommerce marketplace Meesho’s board has approved its conversion into a public entity ahead of a planned initial public offering (IPO), according to its filings with the Registrar of Companies (RoC).

Conversion from a ‘private limited’ to a ‘public limited’ company is a key step a company undertakes on its path to an IPO. Last week, omnichannel eyewear retailer Lenskart also converted into a public limited company ahead of its planned IPO.

Bengaluru-based Meesho is also in the process of flipping back its domicile from the US to India and has…



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Meesho converts to public entity in run-up to IPO


Ecommerce marketplace Meesho’s board has approved its conversion into a public entity ahead of a planned initial public offering (IPO), according to its filings with the Registrar of Companies (RoC).

Conversion from a ‘private limited’ to a ‘public limited’ company is a key step a company undertakes on its path to an IPO. Last week, omnichannel eyewear retailer Lenskart also converted into a public limited company ahead of its planned IPO.

Bengaluru-based Meesho is also in the process of flipping back its domicile from the US to India and has…



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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