India: Infibeam’s $68m IPO subscribed 0.21 times, valuation over-priced

India: Infibeam’s $68m IPO subscribed 0.21 times, valuation over-priced

Infibeam Inc. Ltd, the first e-commerce firm to launch an initial public offering (IPO), on Monday saw its issue being subscribed 0.21 times on the opening day.

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