Zomato IPO draws 1.05x subscription on Day 1, led by retail investors
Zomato’s initial public offering was subscribed 1.05 times on the first day of bidding, with retail investors driving demand for the food-delivery platform’s shares.
Zomato’s IPO was oversubscribed 1.05 times on its first day, with retail investors leading demand.
Why this matters
The signal reprises July 2021 reports that Zomato’s IPO reached 1.05x subscription on opening day, with retail investors leading demand.
Retail-company signals are accelerating, up +202229% QoQ.