{"id":869911,"date":"2024-10-25T07:48:16","date_gmt":"2024-10-25T02:18:16","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=869911"},"modified":"2024-10-25T07:59:52","modified_gmt":"2024-10-25T02:29:52","slug":"swiggy-cuts-valuation-target-for-ipo-to-12-5-13-5-bn-due-to-mkt-volatility","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/25\/swiggy-cuts-valuation-target-for-ipo-to-12-5-13-5-bn-due-to-mkt-volatility\/","title":{"rendered":"Swiggy cuts valuation target for IPO to $12.5-13.5 bn due to mkt volatility"},"content":{"rendered":"<p>Indian food delivery giant Swiggy is internally aiming for a company valuation of $12.5 billion-13.5 billion for its upcoming IPO, cutting its target by 10-16 per cent due to market volatility, two people with direct knowledge said on Thursday.<\/p>\n<p>Swiggy was earlier targeting a $15 billion valuation for its $1.4 billion November IPO which will be the country&#8217;s second biggest stock offering this year, behind Hyundai India&#8217;s debut this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian food delivery giant Swiggy is internally aiming for a company valuation of $12.5 billion-13.5 billion for its upcoming IPO, cutting its target by 10-16 per cent due to market volatility, two people with direct knowledge said on Thursday. Swiggy was earlier targeting a $15 billion valuation for its $1.4 billion November IPO which will be the country&#8217;s second biggest stock offering this year, behind Hyundai India&#8217;s debut this week.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-869911","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/869911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=869911"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/869911\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=869911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=869911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=869911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}