SoftBank to reduce stake in FirstCry before IPO, values the company at $4B

  • Japanese fund SoftBank and NewQuest Capital Partners are reportedly looking to sell some shares in FirstCry in the secondary market before the company’s planned IPO in the next few months.
  • They are valuing the company at $3.5 to $4 billion from the share sale. SoftBank is planning to reduce its 29 percent stake in FirstCry to under 25 percent with the sale.


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