Reported about 24 hours ago
MobiKwik's $67 million IPO in India has garnered overwhelming interest, with bids totaling about $4.7 billion for 120 times the available shares, reflecting investor confidence in the fintech sector's growth. The offering, which was fully subscribed within an hour, highlights the potential of the booming online payments market as millions of Indians increasingly opt for digital transactions. With significant backing from investors and expectations of strong listing gains, MobiKwik aims for a valuation of $256 million, set to start trading on December 18.
Source: YAHOO