Groww raises nearly $750M in IPO as India's retail investing boom continues | TechCrunch
Indian online brokerage platform Groww’s IPO on Wednesday proved to be the largest listing by an Indian fintech so far this year, as the company raised ₹66.3 billion (about $748 million) with its shares closing 29% higher from their issue price.
The company’s shares opened at ₹112, about 12% above their issue price of ₹100, and closed at ₹128.85, lending it a market cap of ₹795 billion (approximately $9 billion).
Groww’s listing comes amid a broader pickup in Indian startup IPOs. Eyewear retaile...
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