The FedEx and SoftBank-backed shipping service provider’s offering, set to take place early next year, will reportedly value it between $5.5bn and $6bn.

Delhivery, an India-based logistics service provider backed by corporate investors FedEx and SoftBank, filed for an initial public offering that will be sized at up to Rs 74.6bn ($998m) yesterday.

The flotation is set to take place early next year and the company will be valued at between $6bn and $6.5bn, according to the Economic Times, while a source privy to the matter told Reuters the figure would likely be $5.5bn.

The IPO will involve Delhivery issuing $669m of…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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