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Asia

Tiger Global-backed broking firm Upstox said to plan India IPO

Markets-Economic Times · 2h ago · 🇮🇳 India

Tiger Global-backed broking firm Upstox said to plan India IPO

Upstox is currently in talks with investment banks regarding a possible initial public offering. Backed by Tiger Global, the company plans to hire advisers shortly for the imminent listing. This IPO could potentially generate approximately $400 million from both new and existing investors. Following Groww's impactful IPO last year, Upstox reached unicorn status in 2021 subsequent to a significant funding round.

Read the full story at Markets-Economic Times →

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