Swiggy files for $1.25b IPO in India's booming stock market

Swiggy files for $1.25b IPO in India's booming stock market

FILE PHOTO: A gig worker picks up groceries for an order from a Swiggy's grocery warehouse at a market area in New Delhi, India, May 6, 2024. REUTERS/Priyanshu Singh/File Photo

SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to tap a booming stock market in one of India’s biggest listings this year.