Resurfacing a July 2021 move: Zomato IPO was subscribed 1.05x on opening day, led by retail investors
Resurfacing news from July 14, 2021: Zomato’s initial public offering was subscribed 1.05 times on day one, with retail investors driving early demand.
Zomato’s IPO was subscribed 1.05 times on its opening day, with retail investors driving demand. The offering opened on July 14, 2021.
Why this matters
The resurfaced IPO update follows recent signals revisiting Zomato's evolution from Foodiebay, including Inc42's account of the company's 12-year journey.
Retail-company signals are accelerating, up +989700% QoQ.