Ecommerce firm Meesho to launch IPO on December 3; targets to raise Rs 4,250-crore via fresh issue

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SoftBank-backed ecommerce firm Meesho is set to float its initial public offering (IPO) comprising a fresh issue of shares worth Rs 4,250 crore on December 3.

The company’s maiden public offering will conclude on December 5, and anchor investors will be allocated shares on December 2, according to the red herring prospectus (RHP) filed on Thursday.

Apart from the fresh issue, the IPO will have an offer-for-sale of 10.55 crore shares by existing investors.

The offer-for-sale includes the sale of equity shares by some of Meesho’s early investors,…



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Ecommerce firm Meesho to launch IPO on December 3; targets to raise Rs 4,250-crore via fresh issue



SoftBank-backed ecommerce firm Meesho is set to float its initial public offering (IPO) comprising a fresh issue of shares worth Rs 4,250 crore on December 3.

The company’s maiden public offering will conclude on December 5, and anchor investors will be allocated shares on December 2, according to the red herring prospectus (RHP) filed on Thursday.

Apart from the fresh issue, the IPO will have an offer-for-sale of 10.55 crore shares by existing investors.

The offer-for-sale includes the sale of equity shares by some of Meesho’s early investors,…



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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