How Groww Plans To Build Beyond Its IPO

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An INR 6,632 Cr issue, overbought 17.6 times at close, sending the valuation of the company to a staggering INR 61,700 Cr (nearly $7 Bn) – the Groww IPO has been the largest fintech public float this year, beyond doubt.  

“The IPO response exceeded all our expectations. It validates years of belief – not just from investors, but from customers who’ve trusted us through multiple market cycles.” Harsh Jain, the co-founder and COO of Groww, told Inc42. 

What next? The question stares at Groww as the euphoria settles down and it…



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How Groww Plans To Build Beyond Its IPO


An INR 6,632 Cr issue, overbought 17.6 times at close, sending the valuation of the company to a staggering INR 61,700 Cr (nearly $7 Bn) – the Groww IPO has been the largest fintech public float this year, beyond doubt.  

“The IPO response exceeded all our expectations. It validates years of belief – not just from investors, but from customers who’ve trusted us through multiple market cycles.” Harsh Jain, the co-founder and COO of Groww, told Inc42. 

What next? The question stares at Groww as the euphoria settles down and it…



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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