Mar 24, 03:47 AM

Meesho Selects Bankers for $1 Billion IPO Valued at $10 Billion, Plans Listing by Diwali

Meesho has selected Morgan Stanley, Kotak Mahindra, and Citi as underwriters for its upcoming $1 billion initial public offering (IPO), which is expected to value the company at $10 billion. The company is in the advanced stages of relocating its headquarters from Delaware, USA, to India, a move that is anticipated to incur approximately $300 million in taxes due to a reverse merger. Meesho plans to file its draft IPO papers in the coming weeks and aims for a listing by Diwali. Additionally, shares worth $350 million from eight companies have recently become available for trade following the expiry of the IPO lock-in period.

#Meesho #Morgan Stanley #Kotak Mahindra #Citi #Delaware #USA #India #Diwali

Written with ChatGPT (GPT-4o mini).

Sources

ChristinMathewPhilip@ChristinMP_
2 years ago
🚨 Meesho picks Morgan Stanley, Kotak and Citi as bankers for $1 billion IPO at valuation of $10 billion @Goenka_Tushar1 & @chandrarsrikant ✍️ https://t.co/CJugtvywko
Supriya Roy@supriya_speaks
2 years ago
🚨🚨 AM Newsbreak IPO-bound Ather Energy to grant Esops to 1,300 employees ⚡️🛵💰 https://t.co/l6ll4YKsU0 https://t.co/2ipwLKkr64
Business Standard@bsindia
2 years ago
Bankers have pitched a valuation of $10 billion for Meesho's IPO with plans to file draft papers in the coming weeks, seeks listing by Diwali. Full story here @VMukherjee7 #Meesho #IPO #marketnews https://t.co/0WJG3OjhSB

Meesho Selects Bankers for $1 Billion IPO Valued at $10 Billion, Plans Listing by Diwali

Sources

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