After raising $210 million recently, Physics Wallah, an edtech unicorn, is apparently planning to list on stock exchanges in 2019.
According to sources cited by Moneycontrol, the edtech major has scheduled pitches from investment bankers for next week in anticipation of a potential initial public offering (IPO) in 2025.
At least ten investment banks have received requests for proposals (RFPs), requesting them to present their initial public offerings (IPOs) within the upcoming week. Although it’s early and no decision has been made, listing is the intention, according to a source.
The business intends to “aggressively pursue” its listing intentions, according to a second person who spoke with the publication. It is aiming for a valuation beyond $2.8 billion, the amount it raised in its most recent funding round earlier this week.
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