FirstCry halts IPO plans as volatility continues

The Pune-based etailer had finalised plans to file its draft IPO papers this month but is pulling back on the advice of its investors and bankers, sources said. FirstCry, which also runs offline stores, is also thinking of ‘recalibrating’ its overall issue size and the valuation it would seek compared to its initial plans earlier this year, they added.

FirstCry halts IPO plans as volatility continues
The Pune-based etailer had finalised plans to file its draft IPO papers this month but is pulling back on the advice of its investors and bankers, sources said. FirstCry, which also runs offline stores, is also thinking of ‘recalibrating’ its overall issue size and the valuation it would seek compared to its initial plans earlier this year, they added.