Swiggy IPO: Food delivery giant Swiggy plans to list at a valuation of $11.3 billion for its upcoming initial public offering (IPO), a person familiar with the development told Mint on the condition of anonymity.
The earlier plan was to list at a higher $15 billion valuation and above but given the market volatility it has been decided by the company to leave more money on the table.
The last private market valuation was when Invesco came on board as an investor at $10.3 billion valuation. The public issue is set to open for subscription after November 6. More than 30 long only foreign investors are expected to anchor the book
A Swiggy spokesperson did not immediately respond to a request for comment.
