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The Economic Times
The Economic Times

Snapdeal parent AceVector lists at 12% discount

AceVector Snapdeal Foxconn SoftBank IPO Nexus Venture Partners Unicommerce

Ecommerce marketplace Snapdeal’s parent company AceVector listed on Monday at a nearly 12% discount , opening at Rs 28.32 on the NSE against the IPO (initial public offer) price of Rs 32. Its shares closed at Rs 26.10 on Monday.

AceVector's Rs 420 crore IPO comprised Rs 287 crore in fresh capital and a Rs 133 crore offer-for-sale (OFS) component in which investors, including SoftBank, Nexus Venture Partners, and Foxconn, sold their shares.

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