
DEVELOPING: Shadowfax IPO CRASHES! Client Fears Trigger Investor Panic.
DEVELOPING: Shadowfax IPO CRASHES! Client Fears Trigger Investor Panic.
Shadowfax's IPO saw shares decline 9% below the offer price due to investor apprehension regarding the logistics firm's significant dependence on major e-commerce clients like Flipkart and Zomato, despite the overall growth in India's e-commerce sector. This market debut values Shadowfax at approximately $706.58 million, aligning with its previous private valuation, as the company aims to capitalize on the increasing demand for last-mile delivery services.


















Discussion
Join the conversation
Be the first to comment