Lenskart Said to Near Filing for IPO

Softbank Group Corp.-backed Lenskart Solutions Pvt., India's largest eyewear maker, is preparing to file preliminary documents in the coming weeks for an initial public offering (IPO) that may fetch about $1 billion, as per people familiar with the matter.

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Lenskart is preparing to submit a draft red herring prospectus for the listing, which would value the company at about $10 billion, the people said, asking not to be identified because the infor