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Swiggy slashes IPO valuation target to $12.5-13.5 bn
October 25, 2024
|The Morning Standard
IPO-bound food delivery platform Swiggy, which was earlier targeting a $15 billion valuation, is now aiming for a valuation of $12.5 billion-$13.5 billion for its upcoming IPO due to market volatility.
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As per reports, this cut is due to market volatility and also the ongoing correction in stock markets. When TNIE asked about it, Swiggy didn't respond to the query.
هذه القصة من طبعة October 25, 2024 من The Morning Standard.
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