Reported 13 days ago
Swiggy Ltd.'s $1.3 billion initial public offering was heavily subscribed on its final day, with demand exceeding three times the available shares, particularly from large investors. This significant participation is seen as a market test following a mixed debut of other large IPOs. The offering includes a substantial portion in fresh shares, with expectations to list by November 13. Despite challenges from market sentiment and past losses, the strong demand from anchor investors, including prominent global funds, bodes well for Swiggy's future.
Source: YAHOO