IPO

Snapdeal plans to use INR 9 billion (USD 119 million) from the IPO proceeds for organic growth initiatives over the next five financial years.

Israel saw 72 local companies going public in 2021.

Company ‘remains committed’ to plan for Hong Kong share sale.

Country’s biggest tech company GoTo had been waiting for the regulatory change.

Stricter rules for tech firms listed outside mainland China are on the way.

Paytm’s weak market listing is expected to bring down the sky-high valuations of tech companies that are eyeing public markets.

In this round of India Digest from November 12 to November 18, 2021, read our big story of the week, the weekly buzz, and more.

Paytm’s expensive valuation, lack of clarity on the path to profitability, and cutthroat competition are believed to be the key reasons behind its weak market debut.