MobiKwik IPO gets bids worth $4.7 bln as investors bet on fintech growth, listing gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
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Source: Reuters
MobiKwik's IPO Success: India's MobiKwik received overwhelming interest in its $67 million IPO, with bids for 1.4 billion shares—120 times the amount offered—indicating strong investor confidence in the fintech sector amid a growing online payments market.
Market Dynamics and Valuation: The IPO was fully subscribed within an hour, with retail investors booking shares 135 times over; analysts predict the stock will debut at a significant premium, targeting a valuation of $256 million.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
