An online poker company comes to the public markets
Last week, Adda52’s parent company filed its draft IPO prospectus. A closer look suggests that it’s all a big gamble.
24 June, 2022•11 min
0
24 June, 2022•11 min
0
More in Internet
Internet
India made Truecaller a tech behemoth. Now it is slowly stifling the company
For over a decade, the Swedish caller ID company thrived on India’s lightly regulated digital ecosystem. Now, it faces some existential questions in its largest market.
You may also like
Internet
Online casinos go live in the UAE
The sudden and quiet launch of three new online gambling sites may have marked the start of a new chapter for the country.
Internet
FabHotels pivoted to corporate travel for survival. Can it grow?
The challenges of running a budget hotel chain in India forced the decade-old company to quietly shift its focus to a travel management platform for corporate travellers. Now it must face challenges of another kind.
Business
Infra.Market is a hamster wheel looking at a make-or-break IPO
The construction material supply firm’s scale and profitability may appear shiny, but hide a stark truth. Its use of equity to fund working capital is playing with fire when bigger fish are eyeing its business.
