PRE-IPO fund­ing rounds see rise in in­vestor in­ter­est

Mint ST - - FRONT PAGE -

Abuoy­ant ini­tial pub­lic of­fer­ing (IPO) mar­ket has prompted in­vestors to in­vest in so-called preipo fi­nanc­ing rounds as a means to plac­ing size­able bets on firms about to go pub­lic.

So far this year, firms have raised at least $600 mil­lion in pre-ipo fund­ing rounds, shows a Mint anal­y­sis. The ac­tiv­ity has been led by large deals such as the $383 mil­lion pre-ipo fund­ing round in ICICI Lom­bard Gen­eral In­sur­ance. See Page 3

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