Early investors clock big gains as Swiggy makes Dalal Street debut
The Bengaluru-based company has been one of the biggest bets for investors including Prosus, Accel, Elevation Capital and SoftBank. Following the listing, the stock reached an intra-day high of Rs 465.
Prosus Gains $2 Billion on Swiggy Investment with IPO Value
Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues to highlight the value of its portfolio outside of its stake in the Chinese tech giant.
Swiggy’s $1.3 Billion India IPO Sold on Final Day
Swiggy Ltd.’s $1.3 billion initial public offering was subscribed more than three times on Friday, driven by a late surge in demand from large investors for the Indian food-delivery platform.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion,
Swiggy IPO a success story for Digital India, says Prosus
The Swiggy IPO is expected to have delivered more than $500 million for Prosus, while its stake in the quick commerce player is valued at over $2 billion.
Prosus gains $2bn on Swiggy Investment with IPO valuation
Prosus will sell down shares in the IPO and retain 25% of Swiggy, similar to its stake in Tencent, Prosus’s chief investment officer Ervin Tu said an interview. The share sale is expected to generate a return of more than $500 million for Prosus, he added.
Prosus eyes PayU IPO in 2025 after stellar Swiggy listing
Prosus aims to list fintech firm PayU in 2025 as the Dutch investor looks to shift more focus to India. On Wednesday it described the market as a pillar for its investment business after the stellar listing of food delivery and quick commerce firm Swiggy netted it gains of $2 billion.
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Swiggy Delivers Bumper Returns To Early Investors Who Sold During IPO
Swiggy debuted at the bourses today after an ₹11,327.43 crore IPO, which had an issue price of ₹390. Early shareholders ...
Early investors cheer Swiggy’s listing pop, but analysts are mixed on the stock
Several brokerages have initiated coverage on Swiggy stock, which popped 7.7% upon listing on Wednesday, with perspectives ...
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Prosus Nets $2 Bn From Total Investment In Swiggy
Prosus, which is the largest shareholder in Swiggy, sold shares worth $500 Mn as part of the initial public offering (IPO ...
Swiggy’s IPO to unlock Rs 9,000 crore in Esop wealth for 5,000 employees
So far, Swiggy has distributed Rs 500 crore in Esops, and the public listing could significantly boost returns for employee ...
Swiggy makes a grand debut, stock surges 10% on first day of listing
Food delivery giant Swiggy debuted on the Indian stock market with its shares listing at a premium of nearly 8%, ...
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Will Swiggy's retail shareholders get any preference while booking orders? Here's what CFO says
When asked whether there will be any preference given to shareholders while booking orders from Swiggy, Bothra said, "We are looking at that expect. If regulatory considerations are there ...
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Ola Electric’s Q2 loss shrinks; Shareholder buybacks or worker wellbeing
In a shareholder letter, Ola Electric said that it delivered 98,619 scooters in the quarter, up 74% from the previous year.
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ET Now | Prosus Remain The Largest Shareholder In Swiggy, Should Investors Invest? | Ashutosh Sharma
ET Now, Ashutosh Sharma discusses the latest development regarding Prosus, the largest shareholder in Swiggy. The video aims to provide insights for investors who are considering investing in Swiggy.