Swiggy's shares up 2.5% in trading debut after $1.4 billion IPO
(Reuters) -Shares of Indian food and grocery delivery firm Swiggy rose 2.5% in their trading debut on Wednesday, after its $1.4 billion IPO last week, but pared initial gains on concerns about its path to profitability.
Swiggy IPO listing: The debut of the food and grocery firm’s shares on the stock exchanges?
Swiggy Ltd had set a price band of Rs 371-390 per share for its Rs 11,300 crore initial public offering. The offer consisted of a fresh issue of Rs 4,499 crore and an offer-for-sale of Rs 6,825 crore.
Swiggy delivers 17% surge in debut as investors bet on Indian quick commerce
Shares of Indian food and grocery delivery firm Swiggy debuted 7.7% higher in pre-open trade on Wednesday, after institutional investors led its $1.4 billion initial public offering to be oversubscribed by more than three times last week.
Swiggy Delivers 15% Jump In India Debut
India’s online food and grocery delivery industry has witnessed remarkable growth, particularly since the COVID-19 pandemic, which accelerated the adoption of digital services across the country
Swiggy Share Price Highlights: Swiggy Shares Close Nearly 6% Lower After IPO - Should You Buy?
Swiggy, India’s leading on-demand delivery platform, recently made headlines with its highly anticipated Initial Public Offering (IPO) debut. The IPO, valued at
Swiggy delivers 15% jump in India debut as investors bet on quick commerce
SoftBank-backed Swiggy's shares jumped nearly 15 per cent in their trading debut in India on Wednesday, signalling growing investor confidence in food and grocery delivery firms as shoppers increasingly go online and want fast deliveries.
Swiggy’s Shares Jump in India’s Second-Largest IPO This Year
Shares of Indian startup Swiggy surged at its Mumbai debut, driven by strong institutional interest in the food and grocery delivery company.
Swiggy's shares jump 15% in Indian debut, value company at $11.9 billion
(Reuters) -Shares of Indian food and grocery delivery firm Swiggy jumped nearly 15% in their trading debut on Wednesday, bucking weakness in the broader market and a better performance than some analysts had predicted for the loss-making firm after its $1.
Prosus Gains $2 Billion on Swiggy Investment with IPO Value
Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues to highlight the value of its portfolio outside of its stake in the Chinese tech giant.
India delivery app Swiggy shares gain on market debut
Indian food delivery firm Swiggy rose nearly 17 percent on its market debut Wednesday after raising $1.34 billion in the country's second-biggest IPO this year, as investor optimism offset profit
How Swiggy Beat Amazon to 13-Minute Grocery Deliveries in India
It has an army of gig workers, a fleet of mini-warehouses and big-name investors. But a knockout trading debut isn’t a ...
Swiggy delivers best major listing of over Rs 10,000 crore in a decade
We are very excited for the next phase of our journey as a company,” said Sriharsha Majety, cofounder and CEO, Swiggy, in a ...
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Swiggy IPO: Employees to become Millionaires
Swiggy, the popular food delivery and grocery platform, made a notable debut on the stock market today. With its initial public offering (IPO) oversubscribed by ...
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Swiggy's $1.4 billion IPO oversubscribed as investors bet on quick-commerce boom
(Reuters) -Food and grocery delivery firm Swiggy's $1.4 billion initial public offering was oversubscribed on Friday, as ...
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Inside Swiggy Instamart’s ‘Mega Dark Store’ Plan
Swiggy Instamart is doubling down on non-grocery, a mix of 10-minute and 20-minute deliveries and thousands of SKUs with mega ...
Early investors clock big gains as Swiggy makes Dalal Street debut
While existing shareholders sold stocks worth Rs 6,400 crore in the offer-for-sale (OFS) to book a big profit on their ...
Swiggy vs Zomato: which is a better choice for investment?
Debate intensifies over whether Swiggy or Zomato offers better investment in India's booming food delivery market.