Value Lens: Why IndiaMart’s IPO comes as a reality check for other B2B marketplaces

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The recent initial public offerings of US ride-hailing companies Uber Technologies Inc. and Lyft Inc. showed that stock markets don’t necessarily value technology startups the same way as private investors do. The IPO pricing by Indian business-to-business (B2B) online marketplace IndiaMart InterMesh Ltd brings that lesson home. IndiaMart on Wednesday announced ......