Monday, November 1, 2021

Policybazaar founders to cut sale of own shares in IPO by 85-90%

Sources aware of the matter said the increased interest in tech IPOs and the headroom for further growth in its business as well as likely valuation after the share sale led to the founders reducing their OFS by 85-90% by value.

source https://economictimes.indiatimes.com/industry/banking/finance/insure/policybazaar-founders-to-cut-sale-of-own-shares-in-ipo-by-85-90/articleshow/87453511.cms

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