Indian skincare startup Mamaearth has put its initial public offering (IPO) on hold because of weak market conditions, two people with direct knowledge of the matter said, a month after two other Indian companies also scrapped their share sales.
A product of Indian skincare startup Mamaearth is on display at a beauty parlour in Ahmedabad, India, June 22, 2022. REUTERS/Amit Dave on hold because of weak market conditions, two people with direct knowledge of the matter said, a month after two other Indian companies also scrapped their share sales., planning to raise about $200 million to $300 million, through the issuing of new equity and an offer for sale of some existing shares, which could have valued the company at up to $3 billion.
Mamaearth planned to start marketing the IPO and begin initial talks with investors by the end of January, but that has not happened yet, the sources said. In preliminary informal checks with investors, there was a difference in the valuation that the company was seeking and what investors were willing to give, one of the sources said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Watch Indian rocket launch final 36 OneWeb satellites tonight (March 25)Liftoff is scheduled for 11:30 p.m. ET on Saturday (March 25).
Lire la suite »
Indian shares open higher as SVB acquisition hopes aid sentimentIndian shares opened higher on Monday after reports of advanced talks for the acquisition of collapsed Silicon Valley Bank brought relief to markets, although fears of contagion in the global banking system lingered.
Lire la suite »
Family Dollar employee shot man to death at west Phoenix store, police sayA Family Dollar employee is now behind bars after he allegedly killed a man at a store near 67th Avenue and Indian School Road earlier this week.
Lire la suite »
Phoenix police seeking public help in identifying bus stop armed robberPhoenix PD (PhoenixPolice) is seeking public help in identifying a man from an armed robbery case on February 17, 2023, near 59th Avenue and Indian School Road abc15
Lire la suite »
Behind Adani Deals, an ‘Elusive’ Elder BrotherThe sibling of the Indian conglomerate’s founder played a key role in activities questioned by a U.S. short seller; company says brother had no managerial role.
Lire la suite »