Nykaa intends $4.5 billion dollars valuation while in IPO
Media records in January got suggested that Nykaa is looking for a valuation of $3 billion to the itemizing.
Press reviews in Jan possessed recommended the shop is trying to find a valuation of $3 billion dollars for that listing.
A spike in profit and revenue for your e-commerce program has resulted in the rise in Nykaa’s valuation, resources told the papers.
“The general public provide will be in addition to a proposal available for sale to provide an exit to pre-existing traders. The price band is yet to be decided, but a 10-20 percent stake of the company could be offered to the public for an adequate free-float,” one of the sources said.
Nykaa was launched by Falguni Nayar in 2012. According to the report, its e-commerce platform currently has 15 million registered users and caters to 1.5 million orders a month.