Ather Energy Likely To Reduce IPO Size Amid Market Uncertainty

Ather Energy is mulling cutting its IPO size by at least $50 Mn from its earlier target of $400 Mn amid ongoing market volatility

The company’s shareholders are considering offering a lower number of shares under the offer-for-sale component of the IPO

The market turmoil might also result in Ather seeking a lower valuation for the IPO

EV maker Ather Energy is reportedly mulling cutting its IPO size by at least $50 Mn (about INR 430 Cr) from its earlier target of $400 Mn (about INR 3,460 Cr) amid the ongoing…