Bikhchandani: Irrationally Valued IPOs Will Inevitably Correct Post-Listing
Sanjeev Bikhchandani · Sanjeev Bikhchandani on Finding Zomato & Taking the First Tech Company in India to IPO · Jul 14, 2023 · at 58:32
Info Edge founder Sanjeev Bikhchandani warns founders against forcing excessively high valuations during public market listings.
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“You know, you can't go at a valuation which is completely irrational, and that's stupid of you to do that. Market won't take it, and if the market does take it, somehow you force it, the valuation will correct in the aftermarket, and that's not a good idea.”
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