Swiggy IPO: 9 Executives Set to Gain Over Rs 50 Crore
Swiggy's shares opened with a 7.7% increase in pre-market trading, reflecting strong investor enthusiasm following the oversubscription of its $1.4 billion initial public offering (IPO) last week. The IPO, which generated significant interest, was oversubscribed by more than three times, indicating substantial demand for the food delivery platform's stock. This positive response in the market highlights Swiggy's appeal among investors and underscores the company's potential for growth in the competitive food delivery sector.
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