IPO frenzy erupts, startups postpone listing plans
- After the roaring listing of startups like Paytm, Zomato, Nayaka, a sharp fall in the stock caused huge losses to investors. - Correction started in the last month of the year 2021, which was encouraging with the record IPO, intensified in the year 206. Listed e-commerce companies that used to lure investors with bumper listings are now a cause for concern. This is because the recent correction in the stock market has led to a massive erosion in the shares of e-commerce companies, raising doubts about how safe the investment in such new-age companies is and how strong its roots are. As a result, other e-commerce companies in Thanga have postponed or postponed their listing plans to bring in an IPO. Such startups include leading technology companies including cab service provider Oyo, logistics firm Delivery. The correction that started in the last month of 2021, which was encouraging at the time of record IPO, is intensifying in the year 203. Attracted by the encouraging listings...