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IPO

Ecom Express to appoint bankers for $500-M IPO

MoneyControl (quoting Mint)  

Logistics company Ecom Express Pvt. Ltd is appointing investment banks to manage its proposed IPO that could value the company at around $2 billion. Backed by Switzerland-based private equity firm Partners Group, Ecom Express is looking to raise $500 million through the IPO. More than six banks have reportedly shown their interest to handle the IPO. Ecom Express is a provider of technology-enable logistics services to e-commerce industry.