India E-Commerce Upstart Meesho Jumps 53% After $603 Million IPO
PositiveFinancial Markets

- Meesho Ltd., an Indian e-commerce platform, experienced a significant surge of 53% in its stock price during its debut on the Mumbai stock exchange, following a successful initial public offering (IPO) that raised $603 million. This event reflects a growing investor interest in technology startups, particularly after a series of successful listings in the market.
- The impressive debut of Meesho indicates a robust appetite for tech companies among investors, suggesting potential for further growth in the Indian e-commerce sector. This could pave the way for more startups to consider going public, enhancing the overall market dynamics.
— via World Pulse Now AI Editorial System
