BYJUS links up with NSDC

Byju’s eyes $1 billion IPO of subsidiary Aakash; could go public next year

The size of the IPO could be in the range of $1 billion, valuing Aakash at $3.5-$4B. While BYJU’S still hopes to be listed in the US, it might happen only after Aakash is listed.

BYJU’S acquired Aakash in April last year for a cash-and-stock deal close to $950 million, in what was one of the biggest acquisitions in India in the education space.

[Via]

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