Topic
ipo
Finance Zepto Defers IPO by Two to Three Quarters After Tepid Investor Response
Zepto will defer its IPO by two to three quarters, CEO Aadit Palicha told employees. Domestic investors value the quick-commerce firm at $3-3.5 billion, over 50% below its last $7 billion valuation. The company is raising a pre-IPO round at a $4-4.5 billion valuation.
Finance Zepto Delays Listing, Looks to Raise Rs 1,000 Crore in Pre-IPO Funding at Reduced Valuation
Zepto is raising about Rs 1,000 crore (~$105 million) in pre-IPO funding at a $4–4.5 billion valuation, over 30% below its last round, postponing its public listing. The company aims to close the round in a couple of weeks and then file its RHP with Sebi, amid valuation gaps between domestic and foreign investors and intensifying competition.
Technology Silicon Valley's Next IPO Billionaires Are Coming. Nonprofits Are Ready for Them
As AI companies Anthropic and OpenAI prepare for IPOs, nonprofits worldwide are ramping up efforts to capture a share of the anticipated philanthropic windfall, which could total $15 billion annually. Founders and employees have pledged significant portions of their wealth, but competition for donations is fierce.
Finance CXMT Soars Over 500% on Debut, Becomes China’s Most Valuable Listed Company on AI Memory Boom
ChangXin Memory Technologies (CXMT) surged over 500% on its Shanghai debut, reaching a market capitalisation of 3.65 trillion yuan ($539.21 billion) and becoming China's most valuable listed company. The IPO, Asia's biggest this year, raised 57.92 billion yuan ($8.6 billion), reflecting strong investor demand for a domestic semiconductor champion central to Beijing's tech self-sufficiency drive.
Finance IPO Buzz: Over a Dozen Companies Set to Raise Rs 25,000 Crore in August 2026
Over a dozen Indian companies, including Zepto, Truhome Finance, and Shiprocket, are set to launch IPOs in August 2026, collectively targeting over Rs 25,000 crore. The offerings include fresh equity and offer-for-sale components, reflecting improving investor sentiment and market stability, according to merchant bankers.
Business Milky Mist to Launch ₹1,553 Crore IPO in Early August, India's Largest Dairy Issue
Milky Mist Dairy Food Ltd, a value-added dairy company, is expected to launch its ₹1,553 crore IPO by mid-August, following a ₹482 crore pre-IPO placement led by Temasek. The issue is the largest by an Indian dairy firm. Proceeds will be used for debt repayment and capacity expansion.
Finance SBI Funds Management Listing Makes Employees Crorepatis; Stock Debuts at 7% Premium to IPO Price
SBI Funds Management shares listed at a 6.27% premium on the BSE and at Rs 613.30 on the NSE, with 13 employees holding equity stakes valued at over Rs 1 crore each at the IPO price. Deputy MD Devinder Pal Singh's vested shares alone are worth Rs 121 crore. The IPO was subscribed 42 times, driven by strong institutional demand.
Finance SpaceX IPO: Historic Debut Fades as Shares Sink 35% From Peak in First Month
SpaceX's record-breaking IPO on 12 June 2026 saw shares surge to an intraday high of $225, surpassing Amazon and Microsoft in market value. However, by the end of its first month, shares had fallen to around $145, down 18% from the first-day high and 35% from the peak, driven by Starlink price cuts and broader tech selloffs. Analysts note early retail investors are now 'definitely underwater.'
Technology IPO-Bound Startups Face Investor Skepticism Over High Valuations and Profitability
Startups targeting public listings are encountering increasing investor resistance over valuation expectations, with examples such as Zepto and PhonePe facing delays or valuation cuts. Market uncertainty, competition from mega listings like NSE and Jio Platforms, and a focus on profitability are reshaping the IPO landscape.
Business Jio IPO: Project Jupiter Revealed — How Reliance Quietly Engineered India's Largest Public Offering
Reliance Industries internally code-named its Jio Platforms IPO preparation 'Project Jupiter,' involving tight secrecy, regulatory engagement, and investor coordination. The offering, targeting the first half of 2026, became India's largest after Reliance restructured the deal to address market conditions.
Business OYO Parent Prism Files Updated IPO Papers for Rs 6,650 Crore Issue: Key Details
Prism, the parent company of OYO, has filed updated draft IPO papers with Sebi for a Rs 6,650 crore fresh issue, with no offer-for-sale. The company may also undertake a pre-IPO placement of up to Rs 1,330 crore. Proceeds will primarily repay borrowings, while improved financials and a rating upgrade support the offering.
Business Manipal Health Secures Sebi Approval for Rs 8,000-Crore IPO, Plans Debt Repayment
Manipal Health Enterprises has received Sebi approval for its Rs 8,000-crore initial public offering. The IPO includes a fresh issue of up to Rs 8,000 crore and an offer for sale of 4.3 crore shares. Proceeds will primarily repay borrowings of its subsidiary Manipal Hospitals and acquire minority stake in Sahyadri Hospital.
Technology Startup Backers Cash Out Rs 97,000 Crore as Public Markets Become Primary Exit Route
A Business Today report reveals that early investors in Indian listed startups have sold shares worth nearly Rs 97,252 crore since 2021. The exits, spanning IPOs and block deals, underscore public markets as the primary exit route for venture capital and private equity investors after years of backing high-growth companies.
Technology Square Yards turns unicorn with $95 million fundraise, eyes another $50-60 million ahead of IPO
Square Yards, a real estate and mortgage platform, has raised ₹900 crore ($95 million) in a debt-equity round led by EAAA Alternatives and Muzinich & Co., achieving unicorn status. The company plans to raise another $50-60 million in the next quarter ahead of its IPO. In FY26, revenues grew 48% to ₹2,086 crore with EBITDA surging 3.7x to ₹176 crore.
Finance SpaceX Turns to Bond Market After Record IPO, Seeks Funds for AI and Starship
Elon Musk's SpaceX has issued its first bond following a record-breaking IPO that raised about $75 billion. The company holds over $100 billion in cash but posted a nearly $5 billion net loss from heavy spending on AI and Starship. Moody's and Fitch assigned investment-grade ratings. Shares fell sharply after the IPO.
Finance Young loss-making startups keep OFS portion lean as investor scrutiny grows
New-age loss-making startups are prioritizing large fresh issue components in their IPOs to fund growth, a shift from the 2021-22 cycle. Investors now prefer capital infusion for scaling and profitability over large shareholder exits. Companies like Zepto, Ola Electric, and PhysicsWallah exemplify this trend.
Finance Jio IPO Risk Factors: Spectrum Renewals, AI Rules, Key Challenges in Draft Papers
Jio Platforms filed draft papers for a $4 billion IPO, flagging risks such as spectrum licence renewals, evolving AI regulations, cybersecurity threats, and intensifying competition. The company's unified telecom licence is due in 2033, and spectrum holdings expire in 2041-42.
Business RIL AGM: Jio Platforms Files for $4B IPO, AI and Satellite Broadband Take Centre Stage
Reliance Industries Chairman Mukesh Ambani unveiled strategic plans at the 49th AGM, including Jio Platforms' draft IPO for up to ₹37,700 crore ($4B), making it India's largest public issue. The company is advancing artificial intelligence, satellite broadband, and renewable energy initiatives while transitioning operational leadership to his children.
Business Jio Platforms Files for India's Largest IPO: $4 Billion Raise, Meta and Google Backing, AI Ambitions
Jio Platforms has filed draft papers for a $4 billion IPO, aiming to be India's largest-ever public issue. The fresh-issue-only offering will value the company at roughly $137 billion. Proceeds will primarily reduce debt, with Reliance Industries retaining control. Key backers include Meta (9.99%) and Google (7.73%).
Finance Sebi Clears SBI Mutual Fund IPO; ₹13,000 Crore Share Sale Expected Next Month
According to a Business Today report, the Securities and Exchange Board of India (Sebi) has cleared the initial public offering (IPO) of SBI Mutual Fund. The ₹13,000 crore share sale is likely to be launched next month, marking a significant milestone for the mutual fund industry.
Finance Jio Platforms IPO Announced at Reliance AGM; DRHP to Be Filed with SEBI Today
Mukesh Ambani announced at Reliance Industries' 49th AGM that Jio Platforms has approved its DRHP for an IPO, to be filed with SEBI. The IPO comprises a fresh issue of up to 27 crore equity shares, expected to be India's largest public issue, with funds raised directly by the company. The listing could unlock significant value, with analysts estimating a valuation of ₹8-10 lakh crore.
Finance Spacex Shares Slide Over 6% as Post-IPO Euphoria Fades; Valuation Drops $150 Billion
SpaceX shares fell more than 6% on Thursday, trading at $178.50, as the post-IPO rally lost momentum. The stock remained over 30% above its $135 IPO price but has now declined nearly 11% from its peak. The slide reduced SpaceX‘s valuation by over $150 billion, and the broader space sector also weakened. Analysts attributed the decline to profit-taking and the stock’s small public float.
Finance NSE Files for Rs 30,000 Crore IPO, Poised to Become India's Largest Public Debut
The National Stock Exchange of India has filed a draft red herring prospectus for an IPO of up to 148,905,525 equity shares, estimated at Rs 30,000 crore. If completed, it will surpass Hyundai Motor India's Rs 27,859 crore IPO to become the country's largest market debut. The issue is a pure offer-for-sale, with State Bank of India as the largest selling shareholder.
Finance NSE flags regulatory, tech and AI risks in IPO filing as derivatives revenue dominates
The National Stock Exchange has filed draft IPO papers with Sebi, disclosing heavy dependence on derivatives for revenue and a wide range of risks including regulatory changes, technology failures, cyberattacks, and artificial intelligence-related challenges. The exchange warned that recent Sebi measures to tighten equity derivatives have already moderated trading activity.
Business Jio’s $4 Billion IPO Filing Imminent Ahead of Mukesh Ambani’s AGM, Sources Say
Reliance Jio Infocomm is reportedly close to filing draft papers for a $4 billion IPO, potentially the largest in India, ahead of Mukesh Ambani's annual shareholder address. The fresh-issue structure aims to direct proceeds to Jio and avoid stretched valuations. The listing comes amid moderated primary market activity and a challenging year for parent Reliance Industries, with shares down 15% YTD and net profit falling 13% in the March quarter.
Business NSE Files DRHP for $2-Billion IPO; Tiger Global, SBI Among Major Sellers
The National Stock Exchange has filed its draft red herring prospectus with Sebi for an estimated $2-billion IPO, nearly nine years after its first attempt was stalled by the co-location controversy. The issue is entirely an offer for sale, with Tiger Global, SBI, IDBI Bank, and others selling shares. The exchange received a no-objection certificate from Sebi earlier this year, clearing the final regulatory hurdle.
Business Vishal Mega Mart Lock-In Expiry Frees Shares Worth Rs 10,813 Crore for Trade
Vishal Mega Mart shares are in focus as the lock-in period for its IPO expires, freeing up shares worth Rs 10,813 crore for trading. The stock listed at a 41% premium in December 2024, reached a 52-week high in August 2025, and has since corrected 26%. CEO Gunender Kapur expressed optimism for FY27, citing India's growing consumption story.
Finance Spacex Shares Surge Past Amazon in Market Value After IPO Frenzy; Options Trading Begins
SpaceX shares surged more than 14% on Tuesday, pushing its market capitalization above Amazon and briefly past Microsoft. Options trading began with strong demand, and the company's IPO proceeds rose to $85.7 billion. Analysts caution about volatility given the company's limited public float and high valuation.
Business Zepto IPO: Can 10-Minute Delivery Sustain Profitability Under Public-Market Scrutiny?
Zepto has filed its draft red herring prospectus for an IPO of up to Rs 80,100 million, revealing revenues of Rs 22,623 crore for FY26 but pre-tax losses of Rs 6,468 crore. The company leads peers on order density per dark store, yet faces declining average order values and negative operating cash flow.
Technology Spacex Acquires AI Coding Startup Cursor For $60bn Days After Bumper IPO
Elon Musk's SpaceX agreed to buy AI coding startup Cursor for $60bn days after Cursor's IPO. The deal, announced in April as an option, will close by September. Cursor's technology automates code generation and is used by Stripe, Adobe, and Nvidia. SpaceX aims to combine Cursor's product with its Colossus supercomputer to build leading AI models.
Finance Razorpay Confidentially Files Draft IPO Papers With Sebi, Eyes Up to Rs 6,000 Crore
Razorpay has confidentially filed draft IPO papers with markets regulator Sebi, aiming to raise up to Rs 6,000 crore. The Y Combinator and Peak XV Partners-backed fintech was last valued at $7.5 billion. The company shifted its domicile from the US to India in May last year and joins peers Zepto and Prism in pursuing a public listing.
Technology SpaceX IPO Raises $10bn More Than Initially Thought, Totaling $85.7bn
SpaceX's initial public offering raised $85.7bn, $10bn more than initially thought, after underwriters exercised a greenshoe option. The company joined Nasdaq in the largest IPO in history, with shares surging 14% on the first Monday of trading.
Business SpaceX IPO: Record $75B Listing on Nasdaq Opens Limited Window for Indian Investors
SpaceX, led by Elon Musk, is set to list on Nasdaq on Friday in the largest IPO ever, raising $75 billion. The $135-per-share IPO values the unprofitable company at roughly $1.75 trillion. Indian retail investors cannot participate directly but can buy shares after debut through international platforms or NSE IX in GIFT City. Experts are divided on whether the stock is worth the price given its lack of profitability and high expectations.
Finance SpaceX's $75 Billion IPO Could Rise to $86.2 Billion via Greenshoe Option
SpaceX raised $75 billion in its IPO by selling 555.6 million shares at $135 each. A greenshoe option allows Morgan Stanley to buy up to 83 million more shares, potentially pushing total proceeds to $86.2 billion. The mechanism, used by Alibaba and Uber, depends on stock price performance after listing.
Business Profitability Remains Key Concern as Zepto Lines Up IPO Amid High-Volume Pitch
Quick-commerce platform Zepto has updated its draft red herring prospectus for an IPO, highlighting rapid order growth but persistent losses. The company processed 210 million orders in Q1 FY26, nearly double Swiggy Instamart, but Blinkit leads with both order volume and profitability. Zepto's adjusted EBITDA loss stood at Rs 1,248 crore in the March quarter, while Blinkit posted a profit.
Finance SpaceX IPO Set to Become Largest Stock Market Debut at $1.77 Trillion Valuation
SpaceX is expected to debut on the stock market this week in what could be the biggest IPO in history, raising nearly $75 billion at a valuation of about $1.77 trillion. Elon Musk is reserving an unusually large share (over 20%) for individual investors, far exceeding the typical 5-7%. Analyst reactions are sharply divided: some investors 'cannot wait' to buy, while others warn retail investors to 'avoid it like the plague', citing extreme volatility and historical IPO underperformance.
Finance SpaceX IPO: Could Elon Musk Become the World's First Trillionaire? Decoding the Math
SpaceX is set for its Wall Street debut on Friday in what is expected to be the biggest IPO in history. Elon Musk's net worth, already between $800B and $850B, could surge past $1 trillion if the listing meets expectations, making him the world's first trillionaire.
Business SpaceX's First Employee Tom Mueller Reacts to Company's $1.8 Trillion Market Debut
SpaceX, co-founded by Elon Musk and Tom Mueller in 2002, is set to go public with a valuation exceeding $1.8 trillion. In a BBC interview, Mueller, the company's first employee, discussed Musk's vision and the milestone.
Finance Einride Begins Trading on Nasdaq After Completing De-SPAC Merger
Einride, the Swedish autonomous freight startup, began trading on Nasdaq on Wednesday under tickers ENRD and ENRDW, completing its de-SPAC process. The company, founded in 2016, reported $92 million in annual recurring revenue and more than $800 million in potential ARR from joint business plans with 30 global customers. Its cabless autonomous vehicles operate without safety drivers in the US and Sweden, targeting cost-competitive electric and autonomous freight.
Finance SpaceX IPO Draws $10B in Institutional Orders, Set to Be Largest Ever
SpaceX's initial public offering has drawn more than $10 billion in institutional orders, making it heavily oversubscribed. The company will offer 555.6 million shares at $135 each, expecting to raise $75 billion and achieve a $1.8 trillion valuation. Trading begins June 12 on Nasdaq and Nasdaq Texas under ticker SPCX.
Finance Milky Mist Updating Books with FY26 Numbers, to File Updated DRHP for ₹2,035 Crore IPO
Milky Mist Dairy Food Ltd is updating its books with FY26 numbers and will soon file an updated draft red herring prospectus (UDRHP) for its ₹2,035 crore IPO. The company raised ₹357 crore in a pre-IPO round from Temasek and plans to use proceeds for a new facility in Baramati and expansion in protein products.
Finance SpaceX IPO: How Indians Can Invest and What It Means for Global Capital Markets
SpaceX is set for a landmark IPO on Nasdaq with a $1.75 trillion valuation. Retail investors, including Indians, can participate via secondary markets under LRS. The offering sees massive demand with twice the orders as shares available.
Technology OpenAI Files Confidential IPO Paperwork, Eyes Wall Street Debut Amid AI Race
OpenAI has confidentially filed paperwork with the US SEC for an initial public offering, according to a Business-Today report. The ChatGPT maker's move comes amid a wave of AI public listings, with rival Anthropic and SpaceX also planning debuts. OpenAI's latest valuation stands at $852 billion, but the company faces pressure to justify its worth amid high compute costs.
Finance Zepto Files Updated DRHP for $1 Billion IPO, Targets July Listing at $10 Billion Valuation
Quick-commerce player Zepto on Monday filed its updated draft IPO papers with market regulator Sebi, moving closer to a public listing targeted in July. The startup seeks to raise up to Rs 8,010 crore through fresh shares, while existing investors including Nexus Venture Partners and Contrary will sell up to 11.3 crore shares in the offering. The total issue size is estimated at $1 billion, and the company is targeting a valuation of about $10 billion.
Technology Quantum Computing’s Public Market Moment: Quantinuum IPO Sees Strong Demand Despite Massive Losses
Quantinuum, a quantum-computer maker, goes public on the Nasdaq amid strong investor demand, despite losing nearly $200 million last year and a revenue drop in early 2026. The company is the fourth quantum firm to list in the US this year and the first via a traditional IPO. A $2 billion US government investment in quantum technology has bolstered market confidence, but experts caution that the technology may never be commercially viable.
Business SpaceX IPO overwhelms Robinhood as users report widespread outages
Robinhood experienced significant technical issues on the first day of SpaceX's public trading, with users reporting outages and latency problems. The brokerage confirmed 'record-breaking traffic' and intermittent issues, reminiscent of the 2021 meme stock frenzy. The incident highlights ongoing challenges for retail trading platforms during high-profile market events.
Business MANGOS: The New IPO Acronym Taking Over Markets — TechCrunch Podcast
According to TechCrunch's Equity podcast, the IPO market has revived with a new acronym: MANGOS — Meta (or Microsoft), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of these companies are going public in the same window, creating a stress test for investors. The episode also covers Apple's WWDC and a $250M settlement, Waymo leveraging Apple's abandoned self-driving project, a $920M/month Google-SpaceX compute deal, and Sam Bankman-Fried's pardon request.
Business SpaceX IPO Set for Historic $1.77 Trillion Wall Street Debut
SpaceX is preparing for its Wall Street debut, raising approximately $75 billion at $135 per share, giving it an initial valuation of around $1.77 trillion. The IPO is the largest in history and tests market appetite for trillion-dollar futuristic tech companies. The listing has been widely discussed as one of the most anticipated stock market events.
Technology Quantum Space's Military SPAC: A Bet on Maneuverable Spacecraft for the US Space
Quantum Space, a startup building maneuverable spacecraft for the US military, announced a $1.2 billion SPAC merger to go public. The company, led by former NASA administrator Jim Bridenstine, aims to scale production of its Ranger vehicle to meet Space Force demands, competing against True Anomaly and established defense contractors.
Business Spacex IPO: Record $75B Haul Tests Musk's 'Extreme' Ownership Model
SpaceX raised $75 billion in its IPO, valuing it at $1.75 trillion, the largest public offering in history. Despite a generous 30% retail allocation, individual investors are unlikely to see significant gains due to oversubscription and IPO mechanics. Meanwhile, CEO Elon Musk retains 85.1% voting power, raising governance concerns even as the company's 'extreme ownership' culture drives its success.
Business SpaceX Sets Record with Highest-Value IPO in History
SpaceX will become a publicly traded company on Friday in what the BBC reports is expected to be the highest-value stock listing in history. The IPO also positions CEO Elon Musk to become the world's first trillionaire, according to the BBC's Samira Hussain.
Business SpaceX IPO: Elon Musk on Track to Become World's First Trillionaire
SpaceX is set to debut on Wall Street on Friday in what is expected to be the largest IPO in history. The company aims to raise $75bn at a valuation of $1.77 trillion. If the listing succeeds, Elon Musk's combined holdings in SpaceX and Tesla alone would be worth over $1 trillion, potentially making him the world's first trillionaire.
Trade Chinese Investors Seek Indirect SpaceX Exposure
Chinese investors are exploring indirect avenues to gain exposure to SpaceX's IPO after being barred from direct participation. They are turning to offshore brokerage accounts and domestic investments in China's space sector.
Business Regional Retailers Eye IPOs to Fuel Expansion
Regional retail companies in India are planning IPOs to fund expansion as small towns become retail growth hubs. Companies like Sathya Agencies and SS Retail have filed for IPOs, aiming to capitalize on rising incomes and digital connectivity.
Business Zepto's IPO Filing: Growth, Losses, and Valuation Uncertainty
Zepto, an Indian quick-commerce startup, has filed for an IPO potentially valuing it at $1 billion. The filing highlights significant revenue growth but also increased losses, raising questions about its valuation. The IPO will test investor confidence in Zepto's business model amid intense market competition.
Business SpaceX Targets Record $1.75tn Valuation in Historic IPO
SpaceX is set to make history with a $1.75 trillion valuation as it prepares for the largest IPO ever, aiming to raise $75 billion. The company plans to list on Nasdaq on June 12, 2026.
Business Kuku Technologies Seeks Rs 3.5k Cr in Confidential IPO Filing
Kuku Technologies has confidentially filed for an IPO to raise Rs 3,500 crore. The digital entertainment startup aims for a Rs 15,000 crore valuation, with plans to list later this fiscal year.
Business India's IPO Boom: A Cash-Out Avenue for Foreign Firms
India's IPO market is increasingly being used by foreign firms as a cash-out mechanism, with $5 billion repatriated through Offer for Sale (OFS) issues. High valuations in Indian markets are driving this trend, impacting the Indian rupee and capital outflows.
Business Prism Secures SEBI Approval for Rs 6,650 Crore IPO
Prism, the parent company of Oyo, has received approval from SEBI for a Rs 6,650 crore IPO, aiming for a $7-$8 billion valuation. The company plans to update its draft papers by July amid market volatility.
Business Oyo and Coca-Cola Set Sights on Major IPOs Amid Market Challenges
Oyo and Coca-Cola are advancing with IPO plans despite challenging market conditions. Oyo's IPO could raise up to Rs 6,650 crore, while Coca-Cola considers listing its Indian bottler's parent for $1 billion.