โ Stockbroking firm Groww has engaged in discussions with multiple investment bankers regarding its IPO, aiming to raise approximately $700 million at a valuation of $7-8 billion, sources told Moneycontrol.
โ "Groww has engaged with investment bankers to start their IPO process. However, the timeline has not been decided yet. It will based on the market conditions," a source told Moneycontrol.
โ The IPO comes less than a year after the firm completed moving the domicile of its holding company from US to India, joining the list of top fintech firms moving their bases back to home country amid favorable economic policies and expanding domestic market.