Qualcomm to book 20x returns in MapmyIndia IPO

Qualcomm Ventures invested $5 million in the company about 13 years ago, at an average share price of about Rs 52.20 per share, according to its Red Herring Prospectus. The price band for the offer has been fixed at Rs 1,000-Rs 1,033 per equity share, which gives Qualcomm Ventures a return of about 20 times.

from Markets-Economic Times https://ift.tt/3GnSbwu