As Nykaa IPO opens tomorrow, analysts say think long, not short
Nykaa IPO will open for subscription tomorrow and the three-day share sale will conclude on November 1
E-commerce beauty giant Nykaa will open its initial public offering (IPO) to subscribers on Thursday, aiming for a total valuation of over $7 billion. Founded by former investment banker Falguni Nayar, the woman-led unicorn offers 4,000 beauty, personal care and fashion brands through its website, app and 80-odd brick-and-mortar stores.
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