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    PRX   NL0013654783

PROSUS N.V.

(PRX)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 09/17 10:21:30 am
68.06 EUR   -2.59%
09/16PROSUS N : Sustainability is at the heart of our strategy
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09/15PROSUS N : Update on prosus share repurchase
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09/14PROSUS N : Update on Prosus share repurchase
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

India's Zomato raises $1.26 billion in IPO - sources

07/20/2021 | 06:57am EDT
Illustration picture of Indian food delivery company Zomato

HONG KONG (Reuters) - Indian food delivery startup Zomato Ltd ` will raise $1.26 billion by pricing its shares at 76 rupees each in its initial public offering, according to two sources with direct knowledge of the matter.

The sources could not be named as the information has not yet been made public.

Zomato did not immediately respond to a request for comment.

The company, which is backed by Ant Group, will be valued at up to $8 billion following the IPO which is the first for a food delivery group in India.

The pricing is set at the top of the flagged range of 72 rupees ($0.9649) to 76 rupees each at the start of the booking building process.

Zomato, launched in 2008, collates restaurant reviews and offers home delivery of food, making it a competitor to the Swiggy and Amazon.com's food delivery service.

Swiggy was reported had raised $1.25 billion in a private funding round from the likes of SoftBank's Vision Fund 2 and Prosus.

Zomato's IPO was strongly backed by investors attracting bids worth $46.3 billion as it was more than 38 times oversubscribed when the books closed on Friday, signalling confidence about the fast-growing sector.

($1 = 74.6210 Indian rupees)

(Reporting by Scott Murdoch in Hong Kong, editing by Louise Heavens)

By Scott Murdoch


© Reuters 2021
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Analyst Recommendations on PROSUS N.V.
More recommendations
Financials (USD)
Sales 2022 7 293 M - -
Net income 2022 7 213 M - -
Net cash 2022 1 232 M - -
P/E ratio 2022 12,5x
Yield 2022 0,07%
Capitalization 262 B 262 B -
EV / Sales 2022 35,7x
EV / Sales 2023 28,6x
Nbr of Employees 23 939
Free-Float 53,2%
Chart PROSUS N.V.
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Technical analysis trends PROSUS N.V.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 69,87 €
Average target price 115,45 €
Spread / Average Target 65,2%
EPS Revisions
Managers and Directors
Robert van Dijk Chief Executive Officer & Executive Director
Vasileios Sgourdos CFO, Financial Director & Executive Director
Jacobus Petrus Bekker Non-Independent Non-Executive Chairman
Patrick Luke Kolek Group Chief Operating Officer
David Tudor Group General Counsel & Compliance Officer
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