Zomato IPO likely to hit market on July 19

At the upper end of the price band, the company will be valued at $7.6 billion (Rs 56,240 crore), more than Amazon backed British food delivery firm Deliveroo or Nasdaq-listed Grubhub. The latter two currently trade at a market capitalisation of $7.4 billion and $5.5 billion, respectively. “The Zomato issue is planned for July19 to 22 as the market is closed on July 21 for Bakrid,”

via Economictimes

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