Fractal said to plan India IPO next mth

Fractal Analytics is preparing to kick of its initial public offering (IPO), which may fetch ₹4,900 crore ($555 million), as early as next month in India, people familiar with the matter said.

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The firm has begun meeting potential investors, the people said, asking not to be identified as the information is private. It is seeking a valuation of around $3 billion, they said. Deliberations are ongoing, and details such as valuation and timing could change, the people said.