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Ather Energy mulls reducing size of its IPO: Report

  • Electric vehicle maker Ather Energy is considering reducing the size of its initial public offering by at least $50 million.
  • Investors are looking to offer fewer shares in the sale, leading to the decision to cut back the IPO size.
  • Ather Energy is still planning to go ahead with the IPO in the coming weeks.
  • It is also considering a small reduction in the valuation it is planning to seek, and may pursue a private placement instead if investor sentiment worsens.

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