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Groww Rolls The IPO Dice… In Secret
- Groww, a profitable new-age tech startup in India, has made a confidential IPO filing, attracting attention after acquiring Fisdom.
- Expectations are high for Groww's IPO, being the first investment tech startup to bid for a public listing.
- Having diversified into asset management, ETFs, wealth management, and loans, Groww turned profitable in FY21 and is currently valued at $7 Bn.
- With a large user base and revenue growth, Groww aims to launch new products and focus on insurance besides investments.
- Groww's IPO, expected in 2026, aims to raise $700 Mn at a valuation of $6-8 Bn, with a focus on long-term AMC business strategy.
- The confidential IPO filing by Groww allows control over disclosing financials and avoids early public scrutiny.
- Competitive scrutiny and adaptation to market dynamics are crucial for Groww's success post IPO.
- Growing IPO wariness among public market investors for new-age tech stocks suggests challenges for companies like Groww.
- Retail investors will focus on Groww's performance post-listing, emphasizing delivery over IPO process details.
- Recent market trends show varying financial performances and preparations for IPOs in the tech and retail sectors.
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