Bankers chase Byju’s for IPO, valuation pegged up to $50 billion

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Bankers chase Byju’s for IPO, valuation pegged up to $50 billion

  • Most banks have given Byju’s a proposed valuation in the range of $40 billion to $45 billion, but some including Morgan Stanley have pitched a $50 billion valuation if the startup lists next year, according to two people with knowledge of the matter.
  • The startup, which has raised $1.5 billion since the beginning of the pandemic last year, was most recently valued at $16.5 billion.
  • The startup has received several inbound requests from investors to raise at a valuation of about $21.5 billion, the people said.

[Via]

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