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Why Shankar Sharma Is Skipping The Consumer Tech IPO Rush
Zomato and other tech listings are big momentum bets right now because the IPO market is hot, according to Sharma.
28 Jul 2021, 08:09 AM IST
First Global’s Shankar Sharma has said he prefers to stay away from the initial public offerings of consumer technology companies as they are “overhyped and overpriced”.The market veteran said that most of these companies are hitting the block at a substantial premium. “That's the problem, a lot of those upsides will belong to the private equity and the venture capitalists invested in the company already,” he told BloombergQuint’s Ni...
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