WeWork India to Launch ₹3,000 Crore IPO This Week as Shareholders Trim Stake
- WeWork India has set a price band of 615-648 rupees per share for its initial public offering, targeting a valuation of 86.85 billion rupees according to calculations from Reuters.
- The IPO will open for retail investors on October 3, with bids for anchor investors starting October 1, as shown in a newspaper advertisement.
- WeWork India plans to offer 35.4 million shares from Embassy Group and 10.9 million shares from its affiliate.
- The company expects the listing to enhance brand visibility and liquidity for existing shareholders, as indicated in its prospectus.
14 Articles
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WeWork India announces Rs 615-648 price band for Rs 3,000 crore IPO. Check details
WeWork India announced its initial public offering price band. Shares will be priced between Rs 615 and Rs 648. The company aims to raise up to Rs 3,000 crore. Bidding for the IPO will commence on Friday, October 3. The offering includes a fresh issue and an offer for sale by existing shareholders.
WeWork India sets IPO price band, targets valuation of $979.61 million
WeWork India IPOIANS WeWork India Management has unveiled a price range of 615-648 rupees per share for its upcoming initial public offering (IPO), aiming for a valuation of 86.85 billion rupees ($979.61 million). The Indian arm of the U.S.-based office space provider, majority-owned by Embassy Group, is set to open the IPO to retail investors on October 3, with anchor investors able to submit bids from October 1. The move comes amid a resurgenc…
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