You have come to the right place to know all about Invesco raising the valuation of IPO-bound Swiggy for the second time. Invesco has been an independent AMC or asset management company for 45 years and is listed on the NYSE or New York Stock Exchange. It holds around 2% of the food aggregator Swiggy, which is eyeing to come out with an IPO or initial public offering soon. With Zomato, the competitor to Swiggy, making a stellar performance with over 66% premium listing of Rs. 125 over its issue price of Rs. 75, many like you are also waiting for its IPO. With Invesco raising its valuation for Swiggy and favourable market conditions, you should invest in Swiggy unlisted share trading at around Rs. 350 to yield high returns.
Continue reading this blog until the end to learn about the recent valuations of Swiggy by Invesco, one of the top investment companies worldwide, to buy its unlisted share from the reputed broker to make windfall profits.
What is Invesco’s recent valuation of Swiggy?
For the second consecutive time, American AMC Invesco increased the valuation of Indian food delivery company Swiggy in January 2024. For Swiggy, it kickstarted the year positively with a valuation above 8 billion dollars. In October 2023, Invesco raised the valuation of Swiggy from 5.5 to 7.8 billion dollars, a 45% increase. Again, it raised Swiggy’s valuation by 66% from 7.8 to 8.3 billion dollars, increasing its IPO prospects. With Zomato’s market capitalisation exceeding 12 billion dollars or over one lakh crore rupees, many like you eagerly await its IPO and Swiggy share price.
How will the Invesco valuation of Swiggy impact its unlisted share price?
Swiggy is a popular unlisted shares to trade around Rs. 360 in the grey market because of its high valuation. With increasing food delivery across many cities and towns in India, Swiggy will increase its revenue and profit in the coming years. And experts confirm that Swiggy will soon come out with an IPO to raise 800 million dollars to fund its expansion journey. Also, with Invesco increasing its value for the consecutive time, it will boost its unlisted share price. With Indian markets’ NSE and BSE index trading at all-time highs, it is time to invest in Swiggy’s unlisted shares.
End note:
The regulatory filing of Invesco confirming its consecutive rise in valuation of Swiggy of 6% from 7.8 to 8.3 billion, apart from its October 2023 raise of 45% from 5.5 to 7.8 billion dollars, makes its unlisted share the best buy from the top online platform for creating safe and high ROI or return of investment as its IPO is to come soon to also trade in the exchanges.Stockify is the premier platform for purchasing unlisted shares due to its comprehensive features and user-friendly interface. Offering access to a wide array of unlisted stocks, Stockify empowers investors to diversify their portfolios with promising private companies. With transparent pricing, secure transactions, and expert guidance, Stockify ensures a seamless and trustworthy investing experience. Whether for early-stage startups or established unicorns, Stockify remains the go-to choice for acquiring unlisted shares with confidence and convenience.
