Infibeam files for IPO in ecommerce listing

Thursday 2 July 2015 14:16 CET | News

Online retailer Infibeam has filed a draft prospectus for an initial public offering (IPO) to raise USD 70.69 million.

Launched in 2007, Infibeam runs the and websites. In 2014, Sony Music bought a 26% stake in Indent, the companys digital entertainment arm.

The company will use the IPO proceeds for expanding business, including setting up a cloud data unit and 75 logistics centres.

Other than anchor investors, all potential investors can join in this issue through an application supported by blocked amount (ASBA) process providing details of their respective bank account which will be blocked by the concerned banks.

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Keywords: ecommerce, online payments, retailers, alternative payment methods, merchants, IPO, Infibeam
Categories: Payments & Commerce | Ecommerce
Countries: World
This article is part of category

Payments & Commerce