US EditionIndian edtech firm PhysicsWallah jumps 49% in trading debut, valued at $5.2 billion
- On Tuesday, PhysicsWallah's shares rose 45% in their Mumbai debut, valuing the Indian edtech company at $5.1 billion.
- Institutional demand drove the IPO bids, pushing total offers to $414 million beyond the $393 million target; Aishvarya Dadheech said it highlights renewed interest in the edtech sector in recent years.
- The company narrowed net loss to $27.07 million and reported 4.5 million paying subscribers, supporting investor enthusiasm.
- The listing positions PhysicsWallah above several peers, with a valuation topping Temasek-backed upGrad at $2.25 billion and SoftBank-backed Unacademy at $3.44 billion, marking the first edtech IPO after Byju's bankruptcy.
- Plans call for using IPO proceeds to expand offline centres, strengthen technology, and fund acquisitions amid India's IPO market where over 300 companies raised about $16.55 billion.
14 Articles
14 Articles
Is PhysicsWallah’s stellar public debut the turnaround edtech sector was waiting for?
PhysicsWallah listed at a 33% premium to its IPO price, and its shares ended Day 1 at a valuation of ₹44,000 crore (about $5 billion). The stellar debut has given the edtech sector hope after years of funding decline. And its success contrasts with the struggles of rivals Byju's and Unacademy.
Physics Wallah enjoys a rosy IPO day, bucking the broader slowdown in Indian edtech
The Indian edtech startup ended its first day as a public company on a high, with its shares closing 44% higher than they were listed for, indicating that the country's edtech sector may still recover after years of gloom.
PhysicsWallah’s growth prospects justify IPO valuation despite rising losses: Analysts
PhysicsWallah's stock surged on its market debut, surprising many after a subdued initial public offering. The edtech firm's valuation is under scrutiny due to increasing losses. Despite this, the company is in a hyper-growth phase. Analysts are divided on its valuation, but agree on its growth potential in the edtech sector.
PhysicsWallah makes strong debut, up 40% over IPO price: Should you sell or hold?
The stock opened at Rs 145 on the NSE and Rs 143.10 on the BSE, giving investors a 33% premium over the issue price of Rs 109. This opening surprised market participants, as the GMP trend had pointed to only a mild gain ahead of the listing.
Indian edtech firm PhysicsWallah jumps 49% in trading debut, valued at $5.2 billion
Shares of Indian edtech firm PhysicsWallah soared as much as 48.6 per cent in their trading debut on Tuesday, notching a $5.2 billion valuation and signaling renewed interest in a sector that has been under financial strain. It is the first edtech firm to go public after the sector saw Byju's - valued at $22
PhysicsWallah's Stellar Market Debut: A Lesson in Building Investor Confidence - Startups India
PhysicsWallah’s Stellar Market Debut: A Lesson in Building Investor Confidence The edtech sector witnessed a remarkable moment as PhysicsWallah, the homegrown unicorn that revolutionized affordable education in India, made a blockbuster stock market debut. The company’s shares listed at ₹145 on NSE, marking a 33% premium over the IPO price of ₹109. By day’s end, the stock closed at ₹155, delivering gains of 42.4%—a performance that sent shockwav…
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