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Indian govt, Sebi have come up with several platforms that don't have profitability norms to encourage startups to list.
But these have not been able to attract any notable name from the country's #startup ecosystem. For example:
via @Inc42
Indian govt, Sebi have come up with several platforms that don't have profitability norms to encourage startups to list.
But these have not been able to attract any notable name from the country's #startup ecosystem. For example:
via @Inc42
(2/n) Other reforms such as differential voting rights haven't helped too as unicorns like Flipkart, Oyo, Paytm employ flipped company structures to shift base outside
If this is a precursor to listing overseas, can India retain the wealth of its #unicorns ?
via @Inc42
If this is a precursor to listing overseas, can India retain the wealth of its #unicorns ?
via @Inc42
(3/n)
To stop this from happening, certain sections within the govt want to mandate dual listing — so that companies can go public overseas but need to list in the country within a timeframe.
But this will create several regulatory issues such as taxation, corporate governance
To stop this from happening, certain sections within the govt want to mandate dual listing — so that companies can go public overseas but need to list in the country within a timeframe.
But this will create several regulatory issues such as taxation, corporate governance
(4/n) @Inc42 spoke to VCs, lawyers and financial experts to break down the pros and cons of listing in the country vs overseas for startups. https://inc42.com/features/can-india-retain-the-wealth-of-unicorns-eyeing-overseas-ipos/
(5/n) @Nithin0dha said US is a better option as investors there have proven appetite for tech startup stocks and markets have greater liquidity.
But @zerodhaonline will list in India when it decides to go public so that traders on its platform can participate
But @zerodhaonline will list in India when it decides to go public so that traders on its platform can participate
(6/n) @haldea differed saying:
In the early 90s, one could argue that that there were not too many foreign investors who had access to Indian capital markets or that Indian market wouldn’t provide the right valuation. However, our capital market is now highly evolved
In the early 90s, one could argue that that there were not too many foreign investors who had access to Indian capital markets or that Indian market wouldn’t provide the right valuation. However, our capital market is now highly evolved
(n/n) @SiddarthMPai said:
From a visibility perspective, especially if tech companies started listing in India, most mutual fund houses would actually create a separate scheme for this and the acceptance rate from retail investors would be very high. https://inc42.com/features/can-india-retain-the-wealth-of-unicorns-eyeing-overseas-ipos/
From a visibility perspective, especially if tech companies started listing in India, most mutual fund houses would actually create a separate scheme for this and the acceptance rate from retail investors would be very high. https://inc42.com/features/can-india-retain-the-wealth-of-unicorns-eyeing-overseas-ipos/
