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Zomato’s scorching IPO heralds strong start for Indian tech listings

By Jonathan Breen
15 Jul 2021

India’s first listing of a unicorn has started, as Zomato, a food delivery start-up, made its second day of bookbuilding on Thursday for a Rp98.9bn ($1.32bn) IPO. Droves of investors have already oversubscribed the deal, paving the way for the pipeline of technology listings to come, writes Jonathan Breen.

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By Jonathan Breen
15 Jul 2021