SoftBank remains an investor as Meesho’s $606M IPO marks India’s inaugural large-scale e-commerce debut on the stock market.
Indian e-commerce firm Meesho, a competitor to Amazon and Flipkart (owned by Walmart), is preparing to launch an IPO of roughly $606 million. The IPO will feature minor stake sales by early investors, but no sales from major backers such as SoftBank and Prosus, indicating strong investor confidence in India’s growing online retail sector during…
