By: Ashutosh Joshi, Dave Sebastian
(Bloomberg) -- Swiggy Ltd.'s $1.3 billion initial public offering was oversubscribed more than three times on Friday, driven by a late surge in demand from large investors for the Indian food-delivery platform.
Dave Sebastian is a reporter covering equity capital markets in Asia for Bloomberg News. He reports on initial public offerings (IPOs) and other equity offerings in the region, with a focus on financial markets and corporate finance. Sebastian's work has also appeared in publications such as The Wall Street Journal, LiveMint, and Yahoo Finance.
Preston is the artificial intelligence that powers the Intelligent Relations PR platform. Meet Preston
Not enough data
This information evolves through artificial intelligence and human feedback. Improve this profile .