Latest Updates Around The World
International brokerage firm Morgan Stanley has floated a note on newly listed Meesho with an Equal-weight rating and a target price of Rs 169 per share, citing full valuations after the stock’s strong run-up post-listing. The price target suggests an upside of around 3% from current levels.The brokerage said valuations look good as Meesho’s advertising […]
SoftBank-backed e-commerce player Meesho is seeing strong demand ahead of its Rs 5,421 crore IPO, with gray market signals suggesting the stock could debut at a premium of around 30% to its issue price of Rs 111 per share.The offer consists of a fresh issue of shares worth up to Rs 4,250 crore along with […]
E-commerce platform Meesho Ltd., which plans to launch its initial public offering in the first half of December, is targeting a valuation of about 530 billion rupees ($6 billion), according to people familiar with the matter.It was created by SoftBank Group Corp. backed company is in talks with SBI Funds Management Ltd. for a pre-IPO […]
