Swiggy IPO: How investors justify risky pre-listing trading
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, warned that listings of pre-IPO shares can be delayed, as happened with NSE, and said investors who cannot leave their money in for the long term should stay away from such offers.
More of Abhishek's views on money management
Written before Swiggy's IPO, the article describes investors buying its unlisted shares in the grey market and through fintech platforms in 2024, many betting its valuation would close the gap with Zomato. It sets out the risks of pre-IPO trading, including slow delivery, cancelled deals, delayed listings and a regulatory vacuum, with examples such as NSE, Reliance Retail and PharmEasy. It includes comments from Abhishek Kumar.
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Swiggy IPO: How investors justify risky pre-listing trading
