Hyderabad-based Laurus Labs is an unusual case in the pharma space with leadership position in a commodity-like business and good potential to scale up the ladder. However, the IPO valuation is on the higher side, which makes the offer unattractive.
Pharma company Laurus Labs will launch its initial public offering (IPO) next week and it has fixed the price band at Rs 426-428 per equity share. The IPO is scheduled to open on December 6 and close on December 8, the company said.
The Venice, California-based company could go public as soon as March and be valued at $20 billion to $25 billion, making it the largest IPO since Chinese e-commerce giant Alibaba Group Holding went public two years ago valued at $170.9 billion.
An initial public offer (IPO) is the first sale of shares by a company to the public. It could be an old or a new company which decides to be listed on the stock exchange. If a company has never issued equity to the public, it's known as an IPO.
The Rs 1,100-crore Initial Public Offer (IPO) of equity in Varun Beverages got a positive response from the Street, with the issue being subscribed 1.85 times as of 6:30 pm on the final day of the offering.
The Rs 3,000-crore initial public offering (IPO) of PNB Housing Finance was subscribed nearly 30 times on Thursday, the final day of the issue, as institutional investors and high net worth individuals (HNIs or wealthy persons) bid aggressively for the
The Rs 1,100-crore initial public offering (IPO) of Varun Beverages got full subscription on Thursday, a day before it closes on Friday. The company is a bottler for PepsiCo Inc and has set a price band of Rs 440-445 per share.
The Rs 3,000 crore initial public offering (IPO) of PNB Housing Finance was subscribed 0.2 times on the first day of the three day offering as 55.6 lakh bids were received against 2.8 crore shares on offer.
The Rs 3,000 crore initial public offer (IPO) of PNB Housing Finance opens on Tuesday in a price band of Rs 750 - 775. The company intends to utilise the IPO proceeds to augment its capital base in order to meet there future capital requirements.
Snap Inc - the parent company of popular photo-sharing messaging service Snapchat - is considering an initial public offering (IPO) that can value the company at $25 billion or more, media reported on Friday.