Swiggy's shares up 2.5% in trading debut after $1.4 billion IPO
(Reuters) -Shares of Indian food and grocery delivery firm Swiggy rose 2.5% in their trading debut on Wednesday, after its $1.4 billion IPO last week, but pared initial gains on concerns about its path to profitability.
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SoftBank-Backed Swiggy to Debut in India After Mega $1.3 Billion IPO
Swiggy is set to debut on the Indian stock markets. The $1.3 billion initial public offering is one of the few $1 billion-plus listings in India this year. It was one of the first companies that expanded beyond food delivery to quick commerce.
Swiggy shares debut on NSE at Rs 420 apiece, nearly 8% premium over IPO price
Swiggy operates in India's rapidly growing online food delivery and quick commerce sectors, which have seen significant expansion.
Tepid Listing: Swiggy Shares Make Muted Debut At 8% Premium From IPO Price On Exchanges; BUY?
Swiggy made a tepid debut on the National Stock Exchange (NSE) today, listing at Rs 420 per share—a premium of 7.69% over its IPO price of Rs 390. On the Bombay Stock Exchange (BSE), Swiggy’s stock started at Rs 412 per share,
Swiggy’s IPO Debut Tests Demand for India’s Rapid-Delivery Firms
Swiggy Ltd.’s shares are set to start trading in Mumbai on Wednesday, marking a test for investor interest in India’s burgeoning quick-commerce sector.
Swiggy's shares jump in trading debut after $1.4 billion IPO
Shares of Indian food and grocery delivery firm Swiggy debuted 7.7% higher in pre-open trade on Wednesday, after institutional investors led its $1.4 billion initial public offering to be oversubscribed by more than three times last week.
India's Swiggy sees shares jump about 8% on debut after country's second-largest IPO this year
The IPO comprised of both a offer for sale of shares worth 68.28 billion rupees and a fresh issue of shares of 44.99 billion rupees.
Swiggy market debut fuels India’s food, quick commerce wars
Shares of Swiggy dropped 4% to 401 rupees on Wednesday as the food delivery and quick commerce startup concluded India’s second-largest IPO this year, in a closely watched debut that puts it in direct comparison with what analysts have long considered the benchmark Indian internet stock: Zomato.
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As Swiggy raises ₹11,327 cr in India’s 2nd-largest IPO, 500 employees stand to earn ₹1 cr each from a ₹9,000 cr ESOP payout ...
Sagility shares make muted debut, list at ₹31.06, a premium of just 3.53% from IPO price
Sagility India IPO debuted at ₹31.06, a 3.53% premium over the issue price of ₹30. The IPO was oversubscribed 3.2 times, with ...
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India's NTPC Green Energy sets price band for $1.2 bln IPO
Nov 13 (Reuters) - India's NTPC Green Energy has set a price band of 102 rupees to 108 rupees per share for its 100 billion ...
Prosus Gains $2 Billion on Swiggy Investment with IPO Valuation
Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues ...