SoftBank-backed Meesho said to plan IPO filing in coming weeks
The Bengaluru-based firm, backed by SoftBank Group Corp., is reportedly aiming to raise between $700 million and $800 million through the IPO, according to sources who requested anonymity due to the confidential nature of the information.
By Bloomberg |
ETtech
Indian e-commerce platform Meesho plans to confidentially file for an initial public offering in Mumbai in the coming weeks, people familiar with the matter said.
The Bengaluru-based company, whose backers include SoftBank Group Corp., could seek to raise $700 million to $800 million in the IPO, according to the people, who asked not to be identified because the information is private.
Details are still under discussion and the plan could change, the people said.
A representative for Meesho declined to comment.
Meesho picked Citigroup Inc., Kotak Mahindra Capital Co. and Morgan Stanley as advisers for the IPO, Moneycontrol reported in March.
The Bengaluru-based company, whose backers include SoftBank Group Corp., could seek to raise $700 million to $800 million in the IPO, according to the people, who asked not to be identified because the information is private.
Details are still under discussion and the plan could change, the people said.
A representative for Meesho declined to comment.
Meesho picked Citigroup Inc., Kotak Mahindra Capital Co. and Morgan Stanley as advisers for the IPO, Moneycontrol reported in March.
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