CosmicTaco

Boat Gears Up for $300-500 Million IPO Next Year

CosmicTaco · 2024-11-15T11:33:08.058937+05:30

- Boat has finalized ICICI Securities, Goldman Sachs, and Nomura as bankers for its $300-500 million IPO next year, aiming for a valuation over $1.5 billion. - The company had paused its 2022 IPO plans due to market conditions but raised $60 million in private capital instead. - Despite a 5% revenue drop in FY24, Boat's recent Diwali sales boost and strategic initiatives are expected to improve profitability in FY25. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/ipos/fpos/boat-sets-sail-for-300-500-million-ipo-with-bankers-on-board/articleshow/115319396.cms), [The Economic Times](https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/boat-sets-sail-for-ipo-qcomm-vs-kiranas/articleshow/115318690.cms)

Boat has finalized ICICI Securities, Goldman Sachs, and Nomura as bankers for its $300-500 million IPO next year, aiming for a valuation over $1.5 billion.
The company had paused its 2022 IPO plans due to market conditions but raised $60 million in private capital instead.
Despite a 5% revenue drop in FY24, Boat's recent Diwali sales boost and strategic initiatives are expected to improve profitability in FY25.

Source: The Economic Times, The Economic Times