FirstCry, Unicommerce turn multibaggers for SoftBank, others after bumper stock market debut

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FirstCry, Unicommerce turn multibaggers for SoftBank, others after bumper stock market debut - YourStory

Quick Summary:

Softbank’s stake in FirstCry topped Rs 7,000 crore, while it made notional gains of nearly 7x from Unicommerce after their bumper stock market debuts.

The company had slashed its valuation, like Ola Electric, another new-age unicorn which went public last week, to make its IPO attractive to investors.

Although the stock closed 10% lower at Rs 211.50 per share, it still delivered massive notional gains for its investors.