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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Star is set to become the first standalone health insurance company in India to go public. Will its valuation and a resurgent pandemic spoil the party?
Star Health and Allied Insurance’s initial public offer of shares should have been among the highlights of this year’s unending public listing frenzy. After all, at Rs 7,249 crore, it is the third largest in terms of size this year, behind only those of Paytm and Zomato.
Yet, Star Health’s draft red herring prospectus, filed ahead of its public issue of shares, has escaped public scrutiny. Unlike the frenzy in the run-up to Paytm and Zomato’s IPOs, Star Health hasn’t attracted any newspaper headlines that deliver verdicts on its draft prospectus or lengthy Twitter threads by analysts dissecting every aspect …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
