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Swiggy slashes IPO valuation target to $12.5-13.5 bn
The New Indian Express
|October 25, 2024
IPO-bound food delivery platform Swiggy, which was earlier targeting a $15 billion valuation, is now aiming for a valuation of $12.5 billion-$13.5 billion for its upcoming IPO due to market volatility.
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As per reports, this cut is due to market volatility and also the ongoing correction in stock markets. When TNIE asked about it, Swiggy didn't respond to the query.
Cette histoire est tirée de l'édition October 25, 2024 de The New Indian Express.
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