Meesho joins a growing list of companies tapping into India’s booming IPO market. (Image: Meesho Website.) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Indian e-commerce platform Meesho Ltd., which plans to launch its initial public offering (IPO) in the first half of December, is seeking a valuation of about Rs 530 billion ($6 billion), according to people familiar with the matter.

The SoftBank Group Corp.-backed firm is in talks with SBI Funds Management Ltd. for a pre-IPO placement, the people said, asking not to be identified as the information is private. The potential placement could alter the IPO size, estimated at about Rs 60 billion, they said.

The offering will comprise a fresh issue of shares worth Rs 42.5 billion and an offer for sale of 175.7 million shar

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