We all know about Zomato. It is how many people in India order their food from various restaurants. It tends to offer an amazing service. But, Zomato has been making headlines for the past few months. This is because this is the first time that the company is opening up ownership to the public. It has been said that this is amounting to be one of the most bright offerings currently on the market. So, let us find out more about it.
Zomato is a food delivery giant and nothing can be closer to the truth. It has a vast user base and has been rising ever since. The public offering of this giant has been making headlines as it is labelled as the biggest tech offering till date in the Indian market. It has been said that the offering could make its value rise up to $8.6 billion. Hence, investor interest in the IPO has been on the rise.
Zomato IPO: Paving the way for other companies
The Zomato IPO is important not just for the reason that it an opening up of a big company. Zomata is a unicorn company and many unicorn companies are looking to open up their shares to the public. Two giants which we can name right now is PayTM and MobiKwik. It has been said that these two giants will be closely watching the performance of Zomato.
There are many things which are on the stake. The IPO has shown great public fervour as the shares of the giant have been oversubscribed about 38 times. This is also important for the startup scene in India. If the company manages to survive the public scene, it would mean that the opportunity for growth investment in India would also be on the rise. This is because people are not only investing in big companies but are also looking for a good return.