Beauty startup Nykaa surges to near $13-bn valuation in stock market debut
Shares of cosmetics-to-fashion platform Nykaa made a blockbuster opening on Wednesday, valuing the Indian company at near $13 billion, in the latest startup listing after food delivery firm Zomato's stellar debut in July.
Shares of FSN E-Commerce Ventures, the profit-making company that owns the Nykaa brand, soared 89.2% to Rs 2,129 after opening at Rs 2,018 in pre-open trade. Read more
Paytm's Rs 18,300-cr IPO gets subscribed 1.89 times on Day 3
Financial services firm Paytm’s initial public offering (IPO), worth Rs 18,300 crore, on Wednesday got