✉news BusinessMarkets first seen 12 h ago, last 9 h ago, peak #13
Elevate Campuses lists below issue price at $625 million
Original: India's Elevate Campuses debuts at discount, valued at $625 million
Indian data centre firm Elevate Campuses made its stock market debut at a discount to its issue price, giving the company a valuation of $625 million. The weak listing follows a broader cooling of appetite for new share offers in India, and investors are watching whether the stock recovers in coming sessions.
Why now: A heavily followed Indian IPO has listed below its offer price, disappointing investors who had expected a strong debut.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/448302