Tech IPO

About one in four deals didn’t reach completion this year

Its opportunistic buyback could mop up 72.5% of the new shares issued in its IPO

Revenue is up more than 40% from Q2, at almost US$17 billion

This will go towards raising working capital and funding operating expenses and capital expenditure

India’s second-most valuable listed company now needs to show investors the money

The gain has made it the country’s second-most valuable listed company after parent Reliance Industries

Citigroup is set to coordinate the international retail offering

As lead underwriters on the AI firm’s public offering, the rivals will gain both fees and prestige

Lurking in its IPO prospectus are warnings of challenges ahead