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    HomeNewsOpinionSwiggy Saga: Valuing new age companies is turning out to be a joke

    Swiggy Saga: Valuing new age companies is turning out to be a joke

    Investors are now dicovering the dirty secret of IPO valuations: that it’s ultimately based on what the market will bear

    Shishir Asthana
    May 10, 2023 / 11:33 IST
    US-based investment company Invesco slashed Swiggy's valuation to about $5.5 billion or at $3,305 a share.
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