Zomato targets $1.3 billion IPO at as high as $8.6 billion valuation
https://techcrunch.com/2021/07/08/zomato-ipo/
Zomato, a food delivery startup in India, said on Thursday it has boosted its plan to raise $1.3 billion in its initial public offering, which opens on July 14 and closes July 16.
The loss-making startup said it will price its shares in the range of 72 Indian rupees (96 cents) to 76 ($1) and is targeting an upper limit valuation of $8.56 billion.
