Meesho announces IPO at Rs 50,000-crore valuation
SoftBank-backed e-commerce firm Meesho, whose Rs 5,421-crore initial public offering (IPO) opens for bids on December 3, on Friday set the price band at Rs 105–111. The firm will be valued at Rs 50,096 crore at the upper end of the band. Proceeds will be used for technology upgrades, greater AI adoption, marketing and opportunistic inorganic growth.
