News > 'Sebi has no business to suggest IPO pricing of new-age tech firms'

'Sebi has no business to suggest IPO pricing of new-age tech firms'

Indian Express | 13/09/2022 07:15 PM | Click to read full article

Sebi chairperson Madhabi Puri Buch on Tuesday said the capital markets regulator has no business to suggest pricing of the initial share sale of new-age technology companies.

She, however, quickly added that there needs to be more disclosures by companies on how valuations have changed between a pre-initial public offering (IPO) placement and the price which is being asked for in the issue.

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