WeWork India IPO: Price band, other details

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Flexible workspace provider WeWork India has set a price band of Rs 615-648 per share for its initial public offering (IPO). The issue, comprising only an offer for sale of 46.2 million shares, is expected to raise up to Rs 3,000 crore at the upper end of the band.

The IPO will see its promoter Embassy Group, a Bengaluru-based real estate firm, offload up to 35.4 million shares, while 1 Ariel Way Tenant, a subsidiary of WeWork Global, will sell up to 10.8 million shares.

The IPO will be open from October 3-7, with an anchor round on October 1.

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WeWork India IPO: Price band, other details



Flexible workspace provider WeWork India has set a price band of Rs 615-648 per share for its initial public offering (IPO). The issue, comprising only an offer for sale of 46.2 million shares, is expected to raise up to Rs 3,000 crore at the upper end of the band.

The IPO will see its promoter Embassy Group, a Bengaluru-based real estate firm, offload up to 35.4 million shares, while 1 Ariel Way Tenant, a subsidiary of WeWork Global, will sell up to 10.8 million shares.

The IPO will be open from October 3-7, with an anchor round on October 1.

“Over…



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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