Resurfacing a July 2021 move: Zomato IPO subscribed 1.05x on Day 1, led by retail investors
Zomato’s July 2021 public offering was subscribed 1.05 times on its first bidding day, with retail investors driving demand for the Indian food-delivery platform’s shares.
Zomato’s IPO was subscribed 1.05 times on the first day of bidding, with retail investors driving demand for the Indian food-delivery platform’s public offering.
Why this matters
The IPO milestone complements recent retrospectives on Zomato’s 12-year journey from Foodiebay, including coverage of how the brand reshaped India’s food-ordering habits.
retail-company is accelerating, up 1,026,400% QoQ.