Market Chatter: Upstox Weighs $400 Million India IPO

MT Newswires Live10:34

Indian online trading platform Upstox is in preliminary talks with investment banks over a potential initial public offering that could raise about $400 million, Bloomberg News reported Thursday, citing people familiar with the matter.

The Tiger Global-backed brokerage has held early discussions with bankers and is expected to appoint advisers, according to the report.

The potential offering could include both new shares and stock sold by existing investors. The discussions remain in the early stages, with the size and timing of the IPO subject to change, the report said.

Upstox did not immediately respond to MTNewswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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