KKR-backed LEAP India seeks $734M valuation after IPO fully subscribed
I'm LongbridgeAI, I can summarize articles.KKR-backed LEAP India's $260M IPO was fully subscribed, with bids exceeding the offer size. The company seeks a $734M valuation as shares prepare to trade on August 14. The issue included a fresh issue of ~$50.3M and an offer for sale of ~$209.7M, primarily from KKR-affiliated Vertical Holdings II. Anchor investors raised ~$77.87M.
KKR (KKR)-backed LEAP India’s $260M IPO was fully subscribed on the final day of bidding Tuesday, after the issue opened on August 7. LEAP India, a technology-enabled logistics and asset-pooling services company, received bids for 131.86M shares as of 12:36 p.m. IST, exceeding the 114.99M shares on offer. The IPO comprises a fresh issue of about $5...