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“Shares of Indian food delivery start-up Zomato jump over 80% in market debut”

“Shares of Indian food delivery start-up Zomato jumped as high as 82% during its market debut on Friday. The initial public offering price was set at 76 rupees a share and the stock opened 52.63% higher at 116 rupees on the National Stock Exchange of India, valuing the company at about 910 billion rupees ($12.2 billion).

Zomato shares are also trading on the BSE, India’s other stock exchange, where they opened at 115 rupees per unit. As of 5.39 p.m. HK/SIN, Zomato shares traded up over 66% at 126.50 rupees, slightly off an earlier session high of 138.90 rupees…”

https://www.cnbc.com/2021/07/23/zomato-ipo-indian-food-delivery-start-up.html

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