Baby products retailer FirstCry's $501m IPO receives bids worth $3.4b

Baby products retailer FirstCry's $501m IPO receives bids worth $3.4b

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Indian baby products retailer FirstCry‘s $501 million IPO overcame a sluggish start to garner bids worth $3.36 billion at close of the share sale on Thursday, as investors bet on growth for baby and child products in the world’s most populous country.