FirstCry plans $1 billion IPO, may seek Sebi nod next month
Even as some of the top-tier startups are delaying their IPO plans amid a wider economic uncertainty, ecommerce firm FirstCry is going ahead with its $1 billion IPO and will file its draft papers next month, people briefed on the matter
At first, the Pune-based etailer, upheld by SoftBank and Premji Invest, was thinking about a $600-700 million IPO, but has now decided to increase the offer size to as much as $1 billion. The organization feels the market sentiment will be better and there will be enough appetite for good organizations among public market investors by the time it can list here in the second half of the year, the people said.
FirstCry.com – Asia’s Largest Online Baby and Kids Store, is India’s largest online shop for new mom and baby products, offering top of the line discounts on renowned national & International brands. Some of the most reputed brands available on FirstCry.com include Chicco, Graco, BSA, Johnson & Johnson, Medela, Pigeon, Fisher – Price, FunSkool, Lego, Disney & Barbie. FirstCry.com offers the widest range to chose from, boasting of over 2 Lakh Baby & Kids products. Customers can avail benefits of free Shipping as well as CoD(Cash on Delivery) on purchase from the website. 2010-2022 www.FirstCry.com. All rights reserved. This website can be best viewed in resolution width of 1024 and above.
Source: Economic Times
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