Rentomojo Jumps 25 Percent in Trading Debut
Indian furniture rental firm Rentomojo rose nearly 25 percent in its trading debut after its 133 million dollar initial public offering drew strong investor demand. Shares traded higher after listing at a significant premium to their issue price.
India's Rentomojo rose 25% in its stock market debut on Thursday morning, following a $133M initial public offering. The strong market entry reflects robust investor appetite for alternative asset and rental models. The offering values the furniture rental provider at a premium against broader regional equity benchmarks.
