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Anonymous 2

Hey I am on Medial • 4m

Remember how Paytm’s IPO was overhyped and then tanked? Retail investors lost money while founders and early investors cashed out. If PhonePe, Navi, and Groww don’t show real profits and just sell a story, history will repeat itself.

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Groww files confidential IPO papers with SEBI. IPO size likely around $700 mn - $1 bn, comprising a mix of a fresh issue and an offer for sale.

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Finally, Groww has also submitted its IPO documents to SEBI. In a few months, the updated DRHP will be released for the public as well. Another new age company is bringing its IPO, and its valuation will also be worth watching.

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