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It's better to bring it at a price we can justify for everyone: Mobikwik CEO on IPO valuation


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -for-everyone-mobikwik-ceo-on-ipo-valuation.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Speaking about the price band set for the offering, Mobikwik's CEO emphasised the importance of aligning the IPO price with the company's long-term vision and the need to maintain investor confidence

The article from Moneycontrol discusses MobiKwik's CEO, Bipin Preet Singh, addressing the company's approach to its upcoming IPO. Singh emphasized the importance of setting an IPO valuation that is justifiable and fair for all stakeholders, rather than aiming for an excessively high valuation. He highlighted that MobiKwik, which has been profitable for the last three quarters, is focusing on sustainable growth and profitability over aggressive market expansion. Singh also mentioned that the company is preparing for the IPO by ensuring all necessary compliances are met, and they are looking at a timeline of 6-9 months for the IPO, depending on market conditions. He expressed confidence in the company's business model, which includes digital financial services like payments, credit, and investments, and stressed the need for a valuation that reflects the company's true worth and future potential.

Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/it-s-better-to-bring-it-at-a-price-we-can-justify-for-everyone-mobikwik-ceo-on-ipo-valuation-12884901.html ]

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