Online investment platform Groww receives Sebi nod to launch IPO

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Online investment platform Groww has received approval from the Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO), according to sources aware of the development.

The IPO size is estimated to be in the range of $800 million to $1 billion, they added.

The Bengaluru-based fintech filed its draft red herring prospectus (DRHP) with the market regulator on May 26.

ET has reached out to Groww seeking comments on the development.

The IPO papers, which have been filed through the confidential route, will comprise equity…



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Online investment platform Groww receives Sebi nod to launch IPO



Online investment platform Groww has received approval from the Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO), according to sources aware of the development.

The IPO size is estimated to be in the range of $800 million to $1 billion, they added.

The Bengaluru-based fintech filed its draft red herring prospectus (DRHP) with the market regulator on May 26.

ET has reached out to Groww seeking comments on the development.

The IPO papers, which have been filed through the confidential route, will comprise equity…



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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