IndiaMart, backed by Intel Capital and Brand Equity Treaty, has listed on the National Stock Exchange after raising $69m in its initial public offering.
IndiaMart, an India-based e-commerce platform backed by chipmaker Intel, listed on the National Stock Exchange on Thursday after raising Rs4.75bn ($69m) in its initial public offering.
The company issued some 4.9 million shares priced at $13.40 each, the upper end of its targeted range of $13.35 to $13.40. Shares opened at $17.94 on Thursday morning and are trading at $18.43 at the time of writing.
Intel Capital, the corporate venturing arm of Intel, partially exited through the IPO, as did…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
