CosmicTaco

Infra.Market Selects 8 Investment Banks for $500M+ IPO

CosmicTaco · 2024-08-31T12:20:07.665409+05:30

- Infra.Market, backed by Tiger Global and Accel, has chosen eight investment banks for its upcoming IPO, aiming to raise over $500 million. - The selected banks include Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, ICICI Securities, HSBC Securities, Motilal Oswal Financial Services, and Nuvama Wealth Management. - The IPO is expected to be a mix of fresh issue and secondary sales, providing an exit for top VC investors. - The issue size is projected to be between $500 million and $700 million, with potential for a higher amount based on market conditions. - Infra.Market's subsidiary, RDC Concrete, plans its own public market debut in January 2025 after divesting a 10% stake worth $20 million in 2023. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/tiger-global-accel-backed-infra-market-picks-8-i-bankers-for-mega-500-mn-plus-ipo-12811099.html)

Infra.Market, backed by Tiger Global and Accel, has chosen eight investment banks for its upcoming IPO, aiming to raise over $500 million.
The selected banks include Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, ICICI Securities, HSBC Securities, Motilal Oswal Financial Services, and Nuvama Wealth Management.
The IPO is expected to be a mix of fresh issue and secondary sales, providing an exit for top VC investors.
The issue size is projected to be between $500 million and $700 million, with potential for a higher amount based on market conditions.
Infra.Market's subsidiary, RDC Concrete, plans its own public market debut in January 2025 after divesting a 10% stake worth $20 million in 2023.

Source: Moneycontrol