Infibeam silences critics with $68m IPO

By GlobalCapital
30 Mar 2016

Infibeam, India’s first e-commerce firm to list, has priced its Rp4.5bn ($67.9m) IPO at the top end of its marketing range, defying criticism about how the deal was executed.

Following a three-day bookbuild that ended on March 23 Infibeam priced the trade on Tuesday at Rp432 a share, after gauging demand at Rp360-Rp432, according to a source at one of the leads. Elara Capital and SBI Capital Markets were the lead managers. 

The IPO resonated well with ...

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