FirstCry Set To File Papers For $3-3.5 Bn IPO This Week: Report
The IPO is expected to value the company between USD 3 billion and USD 3.5 billion
According to media reports, FirstCry, a leading baby and mother care products retailer, is poised to file its red herring prospectus (RHP) for an initial public offering (IPO) this week. The IPO is expected to value the company between $3 billion and $3.5 billion.
Media reports indicate that the IPO will include a primary fundraising effort of $217 million (Rs 1,816 crore), in line with the figures detailed in its draft IPO papers. Additionally, there will be an offer-for-sale (OFS) of 54 million shares.
According to media sources, FirstCry was valued at $2.8 billion during its most recent private funding round.
