BENGALURU (Reuters) -In the first stock market listing of an Indian startup valued at more than $1 billion, shares of food delivery firm Zomato Ltd opened at a 52.6% premium to their offer price on Friday, gaining a market valuation of about $12 billion.
Shares opened at 116 rupees in pre-open trade compared to the initial public offering (IPO) price of 76 rupees.
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