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Shadowfax IPO GMP strengthens ahead of pricing decision
Shadowfax’s IPO grey market premium has climbed to 8%, indicating improving sentiment as the Flipkart-backed firm moves closer to launch.
The grey market premium for Shadowfax Technologies’ IPO has risen to around 8%, signaling improving investor sentiment ahead of the final pricing decision. The Flipkart backed logistics firm has set its price band as it prepares for public markets, with demand driven by expectations of growth in last mile delivery and e-commerce logistics. GMP trends remain volatile, but recent gains reflect optimism around Shadowfax’s business model and expansion plans.