Future Tech

Swiggy's shares jump in trading debut after $1.4 billion IPO

Tan KW
Publish date: Wed, 13 Nov 2024, 12:39 PM
Tan KW
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Future Tech

  Shares of Indian food and grocery delivery firm Swiggy debuted 7.7% higher in pre-open trade on Wednesday, after institutional investors led its $1.4 billion initial public offering to be oversubscribed by more than three times last week.

The stock listed at 420 rupees ($4.98) on India's National Stock Exchange, compared to its issue price of 390 rupees.

 


  - Reuters

 

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