Meesho eyes $6-billion valuation in IPO set for early December launch
Meesho Ltd. is seeking a valuation of about ₹53,000 crore (about $6 billion) in its IPO scheduled for early December, joining a growing list of firms tapping into India’s booming IPO market.
The SoftBank Group Corp.-backed e-commerce firm is in talks with SBI Funds Management Ltd. for a pre-IPO placement, Bloomberg News reported on Friday, citing people aware of the development. They requested anonymity since the information is private. The potential placement could alter the IPO size, estimated at about ₹6,000 crore, they said.
