The Ant Group, Info Edge and Delivery Hero-backed restaurant listings and food delivery app operator is floating in a dual listing, having secured $562m from anchor investors yesterday.
Zomato, an India-based food delivery service backed by corporates Ant Group, Info Edge and Delivery Hero, listed on the National Stock Exchange of India and the BSE in a dual listing today.
The offering is open for subscription until Friday and the shares are priced between Rs 72 and Rs 76 ($0.96 to $1.02) each, giving the company an implied valuation of up to $8.6bn.
The company intends to raise approximately $1.25bn through the initial public offering, which involves it…
