Investors lap up Zomato's India IPO with bids of $46 billion

Investors lap up Zomato's India IPO with bids of $46 billion

3 years ago
Anonymous $drS9DEX_Sj

https://www.reuters.com/article/us-zomato-ipo/investors-lap-up-zomatos-india-ipo-with-bids-of-46-billion-idUSKBN2EM0NP

MUMBAI (Reuters) -A stock offering by Indian food delivery startup Zomato drew bids worth $46.3 billion as it was more than 38 times oversubscribed on Friday, signalling investors were bullish about the fast-growing sector.