Zomato's $1.3 billion India stock offering draws strong investor demand

Zomato's $1.3 billion India stock offering draws strong investor demand

4 years ago
Anonymous $drS9DEX_Sj

https://www.reuters.com/article/us-zomato-ipo/zomatos-1-3-billion-india-stock-offering-draws-strong-investor-demand-idUSKBN2EM0NP

MUMBAI (Reuters) -A $1.3 billion stock offering by Indian food delivery startup Zomato, backed by China's Ant Group was more than 26 times oversubscribed before the offer closed on Friday, as investors placed bets on a fast-growing sector.