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Shadowfax IPO sees steady demand by day three of subscription
Shadowfax’s IPO witnessed steady subscription momentum by day three, supported by retail interest and improving non institutional participation.
The Shadowfax IPO continued to attract investor interest on the third day of bidding, with overall subscription improving across categories. Retail participation remained healthy, while non institutional investors showed gradual pickup. Market observers said response reflects cautious optimism toward logistics focused digital platforms, with investors closely tracking valuation comfort, growth visibility, and competitive positioning ahead of the issue’s closing.