FirstCry to file red herring prospectus for IPO this week, valuation expected between $3-3.5 billion
FirstCry, which was valued at $2.8 billion during its most recent private funding round, has carefully prepared for this public offering. The company refiled its draft IPO papers with the Securities and Exchange Board of India (SEBI) on April 29, incorporating updated financial metrics and responding to SEBI’s requests for additional details.