Reported 2 months ago
Brainbees Solutions Ltd., backed by SoftBank, saw its shares soar by 52% on its debut in Mumbai, raising nearly 42 billion rupees ($500 million) through its initial public offering. This marks the third-largest IPO in India this year, as investor demand remains strong amid a booming stock market. The company, which operates under the FirstCry brand, offers childcare products and plans to utilize the funds for expansion and new store openings.
Source: YAHOO