Synopsis
There is an IPO fever raging in the US, apart from Covid-19. It shows that there is a mass of capital out there hungry for profitable deployment and raring to finance infrastructure and revive growth in India, if only the government shows the sense to offer it assurance as to returns and predictable tax treatment.
Vivek Ranadivé’s Bow Capital recently floated a special purpose acquisition company(Spac) and raised $480 million in an initial public offering (IPO). Snowflake, a cloud management company, walked off with the biggest tech IPO in history, reaching a valuation of $70 billion. Many other IPOs are on track. There is an IPO fever raging in the US, apart from Covid-19.It shows that there is a mass of capital out there hungry for profitable deployment
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