Meesho’s reverse flip may conclude this week; likely to file IPO papers this month, say sources

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Ecommerce marketplace Meesho could see the process of its redomiciling from the US to India conclude as early as this week, paving the way to file draft papers for its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/initial-public-offering” target=”_blank”>initial public offering (IPO) this month, people in the know said.

The Bengaluru-based company is targeting a $700-800 million IPO, but the issue size and the timelines could change depending on the market conditions, one of the persons said, adding that Meesho is likely to file under the Securities and Exchange Board of India’s (Sebi) confidential route.

“Meesho’s flip back…



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Meesho’s reverse flip may conclude this week; likely to file IPO papers this month, say sources


Ecommerce marketplace Meesho could see the process of its redomiciling from the US to India conclude as early as this week, paving the way to file draft papers for its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/initial-public-offering” target=”_blank”>initial public offering (IPO) this month, people in the know said.

The Bengaluru-based company is targeting a $700-800 million IPO, but the issue size and the timelines could change depending on the market conditions, one of the persons said, adding that Meesho is likely to file under the Securities and Exchange Board of India’s (Sebi) confidential route.

“Meesho’s flip back…



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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