The Indian tech startup industry has whipped up an IPO frenzy—yet again. But if there’s one lesson the past has taught us, it is to not get too excited too soon.
“If you see many of these firms have been the eyeing IPO market for years, so over thinking that they are following some strategy is not correct,” said Yugal Joshi, vice-president at consulting firm Everest group. “It cannot be said for sure that there will be an IPO flood in Indian stock markets.”
