India E-Commerce Upstart Meesho Jumps 53% After $603 Million IPO

Bloomberg Meesho Ltd., an Indian e-commerce platform, surged in its debut in Mumbai on Wednesday, showing growing investor appetite for tech startups after a string of blockbuster listings. Most Read from Bloomberg Shares of the SoftBank Group Corp.–backed company rose as much as 60% in Mumbai following its $603 million initial public offering. They pared gains to close at 170.09 rupees, still up 53% over the offer price of 111 rupees. This also marked one of the strongest performances for Indian IPOs ...