Amazon-backed More Retail plans IPO at $2.5 bn valuation: Report
Indian supermarket chain More Retail has hired Avendus Capital and ICICI Securities as advisers to raise around $300 million through an initial public offering, Bloomberg reported. The IPO, which could value the company at roughly $2.5 billion, is expected to launch next year. More Retail is jointly owned by e-commerce giant Amazon and Samara Capital Partners.