Big investors such as Norges and Fidelity have placed over $15 billion in bids for Swiggy’s upcoming India IPO valued at $1.35 billion. This IPO is set to be one of the country’s biggest stock offerings this year. The company has adjusted its estimated valuation to $11.3 billion after a recent market correction.
US Stocks: Nasdaq ends down as expectations of Hormuz deal fade
The Nasdaq closed lower as investors worried about the Strait of Hormuz. U.S. crude oil prices jumped significantly amid the ongoing Middle East crisis. Intel