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2021-07-08

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Ant Group-backed Zomato aims IPO at valuation of almost $8 bln

BENGALURU, July 8 (Reuters) - Indian food delivery company Zomato's initial public offering $(IPO.UK

Ant Group-backed Zomato aims IPO at valuation of almost $8 bln

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17:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BENGALURU, July 8 (Reuters) - Indian food delivery company Zomato's initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> is priced at 72 to 76 rupees per share, giving it a valuation of as much as $7.98 billion, the company said on Thursday, as it cashes in on a pandemic-led surge in online ordering.</p>\n<p>Zomato, backed by China's Ant Group and <a href=\"https://laohu8.com/S/AONE\">one</a> of India's most prominent startups, said its offer will include a fresh issue of shares worth up to 90 billion rupees and a share sale worth up to 3.75 billion rupees by top shareholder Info Edge (India) , taking the total offering to 93.75 billion rupees($1.25 billion) according to a filing</p>\n<p>At the upper end of the price range, Zomato's market value comes up to 596.23 billion rupees ($7.98 billion), with subscription set to open on July 14.</p>\n<p>Zomato, launched in 2008, collates restaurant 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offering.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09086":"华夏纳指-U","AMZN":"亚马逊","03086":"华夏纳指"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149346746","content_text":"BENGALURU, July 8 (Reuters) - Indian food delivery company Zomato's initial public offering $(IPO.UK)$ is priced at 72 to 76 rupees per share, giving it a valuation of as much as $7.98 billion, the company said on Thursday, as it cashes in on a pandemic-led surge in online ordering.\nZomato, backed by China's Ant Group and one of India's most prominent startups, said its offer will include a fresh issue of shares worth up to 90 billion rupees and a share sale worth up to 3.75 billion rupees by top shareholder Info Edge (India) , taking the total offering to 93.75 billion rupees($1.25 billion) according to a filing\nAt the upper end of the price range, Zomato's market value comes up to 596.23 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