Prism Life Plans IPO with Valuation Target of $7–8 Billion, Supported by Recent Operational Milestones
💰 Prism Life targets a $7–8 billion valuation for its IPO, down from a peak of $12 billion. The draft red herring prospectus, open for a 21-day public comment, launches this summer. Former SEBI Chairman joins the board to ensure governance. Founder Agarwal seeks liquidity to repay SoftBank debt. Recent milestones: G6 Hospitality acquisition, villa rental launch, and positive EBITDA boost investor confidence. The IPO timing depends on market and investor interest.
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