#ipo Tech News.
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The latest ipo news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks ipo across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Defence tech company Tonbo Imaging's IPO is oversubscribed 40.82X on the third day of bidding. Investors placed bids for 34.80 Cr shares against 85.26 Lakh shares offered. The ₹852.1 Cr IPO comprises an offer for sale of up to 1.2 Cr shares priced between ₹665 and ₹700 per share.
Elice Inc. is set to debut on South Korea's Kosdaq market Tuesday, raising 201 billion won ($151 million) in its initial public offering. This marks the bourse's biggest listing this year, with shares priced at 90,500 won apiece for a market capitalization exceeding 1 trillion won.
Reliance Industries Limited launches the Jio Platforms IPO on October 21 with a price band of ₹1,065, ₹1,119 per share. Mukesh Ambani reportedly urged 4.2 Lakh employees to invest. The ₹30,213 Cr offering values the company at around ₹10.3 Lakh Cr at the upper end, earmarking ₹27,500 Cr for debt repayment.
Nscale Ltd. faces investor pushback against its $30 billion IPO valuation target. Investors suggest a $16 billion to $19 billion range is more realistic following the implosion of Firmus IPO plan.
Anthropic announced Sunday a plan to commit 5% of its shares to a new public benefit fund addressing AI job impacts. The company cited third-quarter revenue of $16.8 billion ahead of its planned November IPO, while Elon Musk recommended giving shares to the public.
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