Swiggy Shares Tumble 4% as IPO Lock-In for 6.5 Crore Shares Expires – What’s Next?
Swiggy’s stock fell about 5% in early trading on Wednesday as investors were uneasy following the expiration of the company’s one-month lock-in period for pre-listing stockholders. According to a recent study by Nuvama Alternative and Quantitative Research, up to 6.5 crore shares—or 3% of Swiggy’s total outstanding equity—will be traded on the secondary market. Shares … Read more
