Swiggy's shares up 2.5% in trading debut after $1.4 billion IPO
(Reuters) -Shares of Indian food and grocery delivery firm Swiggy rose 2.5% in their trading debut on Wednesday, after its $1.4 billion IPO last week, but pared initial gains on concerns about its path to profitability.
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SoftBank-Backed Swiggy to Debut in India After Mega $1.3 Billion IPO
Swiggy is set to debut on the Indian stock markets. The $1.3 billion initial public offering is one of the few $1 billion-plus listings in India this year. It was one of the first companies that expanded beyond food delivery to quick commerce.
Swiggy shares debut on NSE at Rs 420 apiece, nearly 8% premium over IPO price
Swiggy operates in India's rapidly growing online food delivery and quick commerce sectors, which have seen significant expansion.
Swiggy shares debut at 8% premium over IPO price
The issue, which opened on November 6, was subscribed 3.6 times the shares on offer driven by institutional investors on the third and final day.
Swiggy’s IPO Debut Tests Demand for India’s Rapid-Delivery Firms
Swiggy Ltd.’s shares are set to start trading in Mumbai on Wednesday, marking a test for investor interest in India’s burgeoning quick-commerce sector.
Swiggy's shares jump in trading debut after $1.4 billion IPO
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.
Swiggy market debut fuels India’s food, quick commerce wars
Shares of Swiggy dropped 4% to 401 rupees on Wednesday as the food delivery and quick commerce startup concluded India’s second-largest IPO this year, in a closely watched debut that puts it in direct comparison with what analysts have long considered the benchmark Indian internet stock: Zomato.
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