Zomato IPO sees 1.05x subscription on opening day, led by retail investors
Zomato’s initial public offering was subscribed 1.05 times on the first day of bidding, with retail investors driving early demand for the food-delivery platform’s shares.
Zomato’s IPO was subscribed 1.05 times on its first day, with retail investors leading demand.
Why this matters
The result mirrors three recently resurfaced July 2021 signals reporting Zomato’s IPO reached 1.05x subscription on Day 1, with retail investors leading demand.
Retail-company signals are accelerating, up +391067% QoQ.