The Indian Indian Food Transfer Company Offered A Stock Worth $ 1.3 Billion

Recently, a stock offering worth 1.3 billion dollars of the Indian Indian food delivery company, supported by China's Ant Group registered today Friday (July 16 ), attracting many investors betting in a quick way.0 of: 00/2: 48 Southwen applications of the Indian Delivery of Zomato Foods are seen on mobile phones above the company's logo Display, shooting July 14, 2021. (Photo: Reuters) This is the first IPO in the field of Indian food delivery is priced from 72 to 76 rupees / stocks, providing valuing rates up to 7.98 billion USD

. From market data show that the number of purchases of organizations to hold more than 36 times the shares is offered to their catalog. Others, before IPO weekly This, Zomato has mobilized 562 million USD from 186 large financial investors, including big names like Tiger Global, Blackrock, JPMorgan and Morgan Stanley. Investors are betting on Zomato whether in prospectus Draft IPO CH o Know, its costs and losses will continue to increase when it enhances investment to grow business
MODI, founder of Samco Securities brokers shared: "There is a need to be crazy and very much excitement. "Retail investors are considering this from the viewpoint of the listed price." Zomato's IPO takes place when the Indian market is near the highest level and has many digital companies interested in sealing On the floor on the floor. Financial payment is backed by Alibaba Paytm today submitted draft papers in India for IPO worth $ 2.2 billion, while the flipkart e-commerce giant Walmart is also planning. Also like Doordash is based in the United States, Zomato is a food delivery application, has partnered with 350,000 restaurants and cafes in 526 Indian cities. It also allows customers to book a table for meals, write a rating of dishes and upload photos. Amazon's young food delivery service in the food delivery market Boston Consulting Group expects to reach $ 8 billion in 2023, from only $ 4 billion last year. Zomato application has 41.5 Million customers using their services averaged every month and its orders on its foundation rose to 403
1 million in 2019-2020, from only 30.6 million in 2017-2018, the prospectus IPO its draft shows. In the IPO of Zomato is getting strong attention from investors, some analysts indicate that the company's pricing is too high, especially the company does not create Profit.Himanshu Nayyar, an analyst at Yes Securities of India, said in a study that the IPO price range of Zomato is "really expensive", because "its path to the profit is unknown Clear. "Research adds, Zomato is being valued at a business value of 25 times the sales for 2021, compared to the same industry worldwide companies it has an average value g Hatch 10 times ./. (According to Reuters)

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