Swiggy IPO gets $15 billion bids from Norway's wealth fund, fidelity

Swiggy has received enthusiastic investor interest for its $1.4-billion IPO in India, with bids from big investors like Norges Bank and Fidelity exceeding $15 billion. The IPO, launching next week, has seen its valuation reduced to $11.3 billion due to a recent market correction.

Nov 1, 2024 - 02:30

Swiggy IPO gets $15 billion bids from Norway's wealth fund, fidelity

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Swiggy has received enthusiastic investor interest for its $1.4-billion IPO in India, with bids from big investors like Norges Bank and Fidelity exceeding $15 billion. The IPO, launching next week, has seen its valuation reduced to $11.3 billion due to a recent market correction.