BENGALURU, July 23 ― In the first stock market listing of an Indian startup valued at more than US$1 billion , shares of food delivery firm Zomato Ltd opened at a 52.6 per cent premium to their offer price today, gaining a market valuation of about US$12 billion.
The company is offering 1.23 billion shares for sale at the higher end of its price band, with the size of the IPO coming up to 93.75 billion rupees.
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