Zomato IPO's 1.05x Day 1 subscription, led by retail investors, resurfaces from July 2021
A resurfacing report recalls that Zomato's initial public offering was oversubscribed 1.05 times on the first day of bidding back on July 14, 2021, with retail investors driving early demand for the food-delivery platform's shares.
Zomato’s IPO was oversubscribed 1.05 times on its first day, with retail investors driving demand.
Why this matters
The resurfacing item aligns with recent signals revisiting Zomato's July 2021 IPO, including reports that Day 1 reached 1.05x subscription and retail investors led demand.
Retail-company is accelerating, up 207214% QoQ.