July 23, 2021
Shares in Indian food delivery app Zomato surged 65.8% in its stock market debut on Friday.
The listing was pushed forward by four days and comes as India’s stock market nears all-time highs.
The stellar performance reflected strong investor interest in internet-based start-ups that have done well during the pandemic.
In the run up to the listing some analysts raised concerns about the high valuation of the loss-making business.