Meesho files updated DRHP; aims to raise $700–800 Mn in IPO

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E-commerce platform Meesho has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), according to two sources aware of the matter.

“Meesho now plans to raise $700–800 million through the IPO, comprising a $500 million fresh issue and an offer-for-sale component of $200–300 million,” said one of the sources requesting anonymity.

This follows Meesho’s earlier confidential DRHP filed in July, which had pegged the primary issue at $500 million. The updated filing indicates a clearer equity…



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Meesho files updated DRHP; aims to raise $700–800 Mn in IPO


E-commerce platform Meesho has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), according to two sources aware of the matter.

“Meesho now plans to raise $700–800 million through the IPO, comprising a $500 million fresh issue and an offer-for-sale component of $200–300 million,” said one of the sources requesting anonymity.

This follows Meesho’s earlier confidential DRHP filed in July, which had pegged the primary issue at $500 million. The updated filing indicates a clearer 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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