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    Vikshita Vitthal Gujaran in News

    07-Nov-2022 02:32 PM


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    Big test for Nykaa, Paytm, PolicyBazaar, Delhivery shares: Lock-in period to expire soon

    India’s fledgling technology sector faces a key test this month as lock-up periods on $14 billion worth of shares sold in initial public offerings expire, allowing billionaire backers including Warren Buffett and Masayoshi Son to sell.
    “Investors have become more demanding when it comes to expectations of future profitability from these businesses," Tom Masi and Nuno Fernandes, co-portfolio managers at GW&K Investment Management LLC, said in an email.
    Overall offerings have slowed this year amid slumping tech stock prices, increasing rates and recession fears.
    The stock has gained 13% since then, though it is still down 17% since its IPO.
    This story has been published from a wire agency feed without modifications to the text.

    Source - Mint

    #shares #stockmarket #nykaa #paytm #policybazar #delhivery