Internet IPOs: Rush, retreat, and regroup

Internet IPOs: Rush, retreat, and regroup

  On 23 July 2021, when shares of food-tech company Zomato listed on Indian stock exchanges with a gain of 66% over the issue price, and a valuation above 1 trillion, some heralded a new phase for Indian internet businesses. Five more internet businessestypically, visible and fast-growing, but bleedingfollowed Zomato to sell shares to the … Read more