Shadowfax IPO opens on January 20; investors set for 2-10X paper gains

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New-age logistics company Shadowfax will launch its initial public offering (IPO) on January 20 with a price band of Rs 118-124. At the upper end of the price band, the company will be valued at Rs 7,169 crore on a post-money basis. This is lower than the initial valuation of Rs 8,500-9,000 crore it was targeting.

The company’s IPO size has also been reduced to Rs 1,907 crore from Rs 2,000 crore earlier.

Shadowfax is raising Rs 1,000 crore in fresh capital, while Rs 907 crore will be via an offer for sale by investors, including Flipkart, Eight…



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Shadowfax IPO opens on January 20; investors set for 2-10X paper gains



New-age logistics company Shadowfax will launch its initial public offering (IPO) on January 20 with a price band of Rs 118-124. At the upper end of the price band, the company will be valued at Rs 7,169 crore on a post-money basis. This is lower than the initial valuation of Rs 8,500-9,000 crore it was targeting.

The company’s IPO size has also been reduced to Rs 1,907 crore from Rs 2,000 crore earlier.

Shadowfax is raising Rs 1,000 crore in fresh capital, while Rs 907 crore will be via an offer for sale by investors, including Flipkart, Eight…



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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