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IPO

SoftBank-backed Snapdeal files for 2022 India IPO

E-commerce company seeks to raise $165m after COVID disruptions

Indian e-commerce startup Snapdeal operates an online shopping mall, earning a commission by facilitating transactions between merchants and consumers.   © Reuters
WATARU SUZUKI, Nikkei staff writer | India

TOKYO -- Indian e-commerce company Snapdeal on Tuesday filed for an initial public offering in local stock exchanges, seeking to capitalize on strong market sentiment even though its business was hit hard by the COVID-19 pandemic.

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