Tongues wag over first e-commerce IPO in India
Infibeam is on track to become India’s first IPO from the e-commerce sector, with its Rp4.5bn ($67.9m) deal closing books this week. But the listing that was supposed to be a trailblazer has come in for criticism, as bankers traded barbs over whether the issuer made the right call on pricing and timing. John Loh reports.
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