Wakefit sets IPO band at Rs 185-195; Peak XV eyes 10X return

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Wakefit, the home and sleep solutions brand, has set a price band of Rs 185-195 per share for its upcoming IPO, pegging its valuation at around Rs 6,400 crore ($719 million). While the public issue promises blockbuster exits for a few early backers, it offers only modest returns for some late-stage investors.

According to RHP analysis, Peak XV Partners (formerly Sequoia Capital India) emerges as the biggest beneficiary of the listing. The firm is set to clock a 10X return on its decade-long bet on Wakefit. Redwood Trust is also headed for a strong…



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Wakefit sets IPO band at Rs 185-195; Peak XV eyes 10X return


Wakefit, the home and sleep solutions brand, has set a price band of Rs 185-195 per share for its upcoming IPO, pegging its valuation at around Rs 6,400 crore ($719 million). While the public issue promises blockbuster exits for a few early backers, it offers only modest returns for some late-stage investors.

According to RHP analysis, Peak XV Partners (formerly Sequoia Capital India) emerges as the biggest beneficiary of the listing. The firm is set to clock a 10X return on its decade-long bet on Wakefit. Redwood Trust is also headed for a strong…



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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