Tech
WeWork India to float Rs 3,000-crore IPO on Oct 3
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Co-working major WeWork India is gearing up to launch its initial public offering (IPO) on October 3, with people aware of the matter pegging the issue size to nearly Rs 3,000 crore.
The issue will close on October 7, with bidding for anchor investors opening for a day on October 1, as per the red herring prospectus (RHP).
As per the draft papers, the proposed IPO is entirely an Offer for Sale (OFS) of up to 4.63 crore equity shares. Promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) will offload…
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