No PE investors are exiting through IPO. Does it imply they are expecting good growth going forward or having high regard for the management team? If they are in dire situation, most PE’s would look to exit.
Haven’t looked into the valuations yet. But here we are getting a market leader who has almost 50% market share. If the strategy is correct, and with debt repayment it might turn profitable. No competitor comes close to it.
Disc: Not decided yet whether to apply
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