{"id":872856,"date":"2024-11-02T10:07:53","date_gmt":"2024-11-02T04:37:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=872856"},"modified":"2024-11-02T10:19:54","modified_gmt":"2024-11-02T04:49:54","slug":"swiggys-ipo-draws-over-15-billion-in-bids-from-major-investors-signaling-strong-demand","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/02\/swiggys-ipo-draws-over-15-billion-in-bids-from-major-investors-signaling-strong-demand\/","title":{"rendered":"Swiggy&#8217;s IPO draws over $15 billion in bids from major investors, signaling strong demand"},"content":{"rendered":"<p>Big investors including Norway\u2019s sovereign wealth fund Norges and Fidelity have placed bids worth more than $15 billion in Swiggy\u2019s India IPO, 25 times the $605 million portion reserved for such investors, four sources told Reuters on Thursday. <\/p>\n<p>Swiggy, a SoftBank-backed Indian food and grocery delivery giant, will next week launch its $1.35-billion IPO that will be country\u2019s second-biggest stock offering this year. The bidding process is ongoing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big investors including Norway\u2019s sovereign wealth fund Norges and Fidelity have placed bids worth more than $15 billion in Swiggy\u2019s India IPO, 25 times the $605 million portion reserved for such investors, four sources told Reuters on Thursday. Swiggy, a SoftBank-backed Indian food and grocery delivery giant, will next week launch its $1.35-billion IPO that will be country\u2019s second-biggest stock offering this year. The bidding process is ongoing.<\/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":[83,4,22],"tags":[],"class_list":["post-872856","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/872856","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=872856"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/872856\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=872856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=872856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=872856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}