The much-awaited Zomato IPO is finally here ...Middle East

A much-talked-about IPO by an Indian tech unicorn is finally all set to arrive.Restaurant discovery and food delivery firm Zomato today (July 8) said it will launch its initial public offering (IPO) on July 14. The Gurugram-based company is looking to raise Rs9,375 crore through the IPO, where it will offer shares at a price between Rs72 and Rs76 apiece, it said in its press conference. Zomato’s IPO plan was approved by the Securities and Exchange Board of India on July 5.“We will utilise the IPO proceedings for funding organic and inorganic growth initiatives, and for general corporate purposes,” Zomato’s chief financial officer Akshant Goyal said.Read the rest of this story on qz.com. Beco

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