[ad_1] Shares of One97 Communications, the parent company of Paytm, fell over 10 per cent on the BSE on Thursday due to several block deals by investors as the pre-initial public offering (IPO) lock-in period came to an end. SoftBank was to sell 29 million shares of the company — worth $215 […]
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[ad_1] Paytm, India’s leading digital payments brand, faces another reckoning, a year after it recorded the grisliest initial public offering in India’s history. This week, the lock-up period for the company’s stock will expire, freeing investors to sell shares that haven’t yet been allowed onto the market. The biggest shareholders in One97 […]
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[ad_1] Shares of FSN E-Commerce Ventures, which owns beauty retailer Nykaa, slumped more than 8 per cent on Wednesday after the one-year lock-up period on pre-initial public offering (IPO) investors ended. Its stock ended at Rs 1,040 – down 8 per cent over its previous day’s close. Its shares were trading 3 […]
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[ad_1] India’s fledgling technology sector faces a key test this month as lock-up periods on $14 billion worth of shares sold in initial public offerings expire, allowing billionaire backers including Warren Buffett and Masayoshi Son to sell. Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the […]
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[ad_1] Imagine Marketing, the company that owns wearable brand Boat, has become the latest domestic technology (tech) company to shelve its listing plans. The popular consumer tech brand joins the PharmEasy parent API Holdings, and online automobile marketplace Droom Technology, to withdraw its draft red herring prospectus (DRHPs). Industry players don’t rule out more […]
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