The valuation email that defined Zomato's IPO: Why Sanjeev Bikhchandani's warning to Deepinder Goyal still echoes

Before Zomato’s 2021 IPO, Info Edge founder Sanjeev Bikhchandani advised pricing for balance: protect retail investors, satisfy institutions, and ensure long-term reputation. His framework emphasised conservative pricing, avoiding excessive first-day pops, and maintaining trust. The guidance foresaw risks of underwater IPOs, highlighting ethical and strategic considerations for high-growth tech listings.

from Economic Times https://ift.tt/4Mlmywg