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Investors cheer, analysts split as Swiggy lists at a premium
Hindustan Times
|November 14, 2024
Food-delivery firm Swiggy's shares hit the bourses at ₹420 on Wednesday, a 7.7% premium to the issue price of ₹390, making the listing a major liquidity event for its top investors.
"It is a momentous event. We have raised a huge amount of capital in the middle of a tough market, which is a great feat," Sumer Juneja, managing director for EMEA & India at SoftBank Investment Advisors, told Mint.
Swiggy had raised $3.2 billion in private capital in total from marquee investors like Softbank, Prosus, Accel, Norwest Venture Partners and Elevation Capital, which have all reaped multifold gains on their investments.
Dit verhaal komt uit de November 14, 2024-editie van Hindustan Times.
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