Meesho, Fractal look at public listings in late Nov, early Dec

E-commerce marketplace Meesho and artificial intelligence firm Fractal Analytics are launching their public market listing between late November and early December, said three people familiar with the matter.

- Priyamvada C. & Sneha Shah

Fractal is eyeing a $560 million IPO while Meesho is targeting a $800-850 million issue.

(ISTOCK)

Fractal will launch the process for its ₹4,900 crore ($560 million) initial public offering (IPO) in the first week of next month for a listing by mid-December, the people said, speaking on the condition of anonymity. Meesho is targeting a $800-850-million issue, spanning an offer-for-sale and a fresh issue component, at a valuation of $8-8.2 billion in the last week of November and will subsequently list early next month, the people said.

Meesho and Fractal did not respond to Mint's requests for a comment till the time of publishing.