Nykaa IPO: Beauty Retailer Looks to List at $ 4.5 Billion Valuation, Reports Say
3 years, 6 months ago

Nykaa IPO: Beauty Retailer Looks to List at $ 4.5 Billion Valuation, Reports Say

News 18  

Beauty and fashion retailer Nykaa is planning to go public in 2022 at a valuation of $ 4.5 billion. Speaking to The Mint, a source close to the company’s plans added that Nykaa is looking to file its first draft of the red herring prospectus by this June end or early July. While the price band of the offer is yet to be decided, the source added that 10-20 per cent of the company’s stake could be offered to the public for an adequate free flow. Meanwhile, delivery platform Zomato has filed its preliminary papers for an IPO with the market regulators Security and Exchange Board of India to raise USD 1.13 billion.

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