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IPO-bound Indian e-scooter maker Ather's valuation set to fall 44%

IPO-bound Indian e-scooter maker Ather's valuation set to fall 44%

FILE PHOTO: Ather electric scooters are seen outside the showroom in Mumbai, India, January 28, 2022. REUTERS/Francis Mascarenhas/File Photo

Indian e-scooter maker Ather Energy plans to list at a valuation of up to $1.4 billion, about 44% below its original target, as US tariff policy-triggered global market volatility prompts companies to rethink listing plans.

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