India's Nykaa trades up after $719m IPO
India-based beauty e-commerce platform Nykaa is trading at more than 100% premium to its IPO price after completing a INR53.5 billion ($719 million) offering that facilitated partial exits for TPG Capital and Lighthouse Funds.
The company sold approximately 47.6 million shares – including 41.9 million shares held by existing investors – for INR1,124 apiece, according to a filing. TPG, which invested in Nykaa through its...
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