Techcrunch Lenskart IPO Sees Shares Recover Post-Listing Amid Valuation Debate
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Lenskart, an Indian eyewear retailer, completed its IPO, raising ₹72.8 billion ($821 million) and selling out quickly. Despite a tepid start, shares ended slightly above the issue price of ₹402, with co-founder Peyush Bansal realizing significant returns from his share sale. The company's strategy focuses on market expansion rather than high valuations.
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