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    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
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Delayed Japan Exchange  -  02:00 2022-06-28 am EDT
5414.00 JPY   -0.07%
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SoftBank-backed logistics firm Delhivery valued at $4.9 bln in India debut

05/24/2022 | 12:54am EDT

BENGALURU, May 24 (Reuters) - Shares of Delhivery, an Indian logistics startup backed by SoftBank Group, rose as much as 7.6% in their market debut on Tuesday, giving the company a valuation of 379.60 billion rupees ($4.89 billion).

The Gurugram-based company's services include parcel transportation, warehousing, cross-border and supply chain services to more than 23,000 customers, and counts popular e-commerce sites such as Amazon Inc and Walmart Inc's Flipkart as its clients.

Delhivery's IPO, trimmed https://bit.ly/3NnkZsK by nearly 30% to 52.35 billion rupees, was subscribed 1.63 times earlier this month at an offer price set at 487 rupees.

The offering included fresh issue of shares worth up to 40 billion rupees and an offer for sale of shares worth 12.35 billion rupees from existing shareholders, including U.S. private-equity firm Carlyle Group Inc and Japanese conglomerate SoftBank.

($1 = 77.5680 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Sherry Jacob-Phillips)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -2.78% 113.22 Delayed Quote.-30.15%
SOFTBANK GROUP CORP. 3.71% 5414 Delayed Quote.-3.86%
THE CARLYLE GROUP INC. -1.00% 33.77 Delayed Quote.-37.87%
WALMART INC. 0.32% 124.12 Delayed Quote.-14.49%
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Financials
Sales 2022 6 171 B 45 661 M 45 661 M
Net income 2022 728 B 5 384 M 5 384 M
Net Debt 2022 16 223 B 120 B 120 B
P/E ratio 2022 12,6x
Yield 2022 0,81%
Capitalization 8 707 B 64 427 M 64 427 M
EV / Sales 2022 4,04x
EV / Sales 2023 4,20x
Nbr of Employees 58 786
Free-Float 65,4%
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Mean consensus BUY
Number of Analysts 17
Last Close Price 5 418,00 JPY
Average target price 7 558,24 JPY
Spread / Average Target 39,5%
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Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Yutaka Matsuo Independent Outside Director
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