Meesho Selects Top Banks for $1 Billion IPO at $10 Billion Valuation

Meesho, the rapidly growing e-commerce platform, has appointed Morgan Stanley, Kotak Mahindra Capital, and Citi as lead bankers for its upcoming Initial Public Offering (IPO), targeting to raise $1 billion. The IPO is expected to value the company at approximately $10 billion, a significant increase from its previous valuation of $3.9 billion last year. This strategic move positions Meesho to potentially list on stock exchanges around Diwali 2025, outpacing competitors like Flipkart. The company is currently finalizing its draft documents and is in the process of relocating its headquarters from Delaware to India, which may incur a tax liability of around $300 million.

 

Source: Moneycontrol