CosmicTaco

PhysicsWallah Shortlists Banks for $400-$500M IPO in 2025

CosmicTaco · 2024-10-08T21:05:01.363199+05:30

- Ed-tech unicorn **PhysicsWallah** has shortlisted **Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan** as advisors for its planned IPO in 2025. - The company, valued at **$2.8bn** after a recent fund raise, aims to raise between **$400m-$500m** through the IPO. - The deal is expected to be a mix of primary and secondary issue of shares, providing growth capital and exit windows for investors. - There's industry buzz about a targeted valuation of **$4bn-$5bn**. - If successful, PhysicsWallah could become **India's first ed tech firm** to debut on domestic bourses. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ed-tech-unicorn-physicswallah-shortlists-4-i-banks-for-around-400-mn-500-mn-ipo-in-2025-12838274.html)

Ed-tech unicorn PhysicsWallah has shortlisted Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan as advisors for its planned IPO in 2025.
The company, valued at $2.8bn after a recent fund raise, aims to raise between $400m-$500m through the IPO.
The deal is expected to be a mix of primary and secondary issue of shares, providing growth capital and exit windows for investors.
There's industry buzz about a targeted valuation of $4bn-$5bn.
If successful, PhysicsWallah could become India's first ed tech firm to debut on domestic bourses.