Is the ideaForge IPO oversubscription justified?
The drone maker’s share sale is skewed towards providing existing investors with an exit, at a time when the company needs all the cash it can get for growth.
28 June, 2023•11 min
0
28 June, 2023•11 min
0
More in Business
Business
IndiGo has a forex headache
India’s largest airline surprisingly doesn’t seem to have a hedging strategy that is good enough to guard against a weakening rupee. This could potentially clip its wings.
You may also like
Business
What the $1 trillion pledge got MBS in return
The crown prince of Saudi Arabia returns to Washington DC with big promises, but may be walking away with more.
Internet
In India’s Lenskart IPO, a success for ADIA
The sovereign wealth fund’s big bet on the Indian eyewear company, Microsoft’s AI win in the Emirates and other updates from the week.
Internet
Takeaways from Dubizzle’s rare pause on IPO
The classifieds company postponed its influential public listing on the Dubai stock exchange. A mismatch of expectations was at the core of it.