{"id":6098,"date":"2021-12-17T16:06:28","date_gmt":"2021-12-17T10:36:28","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=6098"},"modified":"2021-12-17T16:06:29","modified_gmt":"2021-12-17T10:36:29","slug":"byju-to-get-listed","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/byju-to-get-listed\/","title":{"rendered":"Byju\u2019s To List In US Through SPAC"},"content":{"rendered":"\n<p>Byju\u2019s, India\u2019s most valued start-up, may follow ReNew Power\u2019s lead and list in the United States via the <a href=\"https:\/\/www.tickertape.in\/blog\/spac\/?utm_source=blog&amp;utm_medium=article\">Special Purpose Acquisition Company<\/a> (SPAC) method.<\/p>\n\n\n\n<p>According to Bloomberg, the educational technology company seeks a merger with one of Churchill Capital\u2019s <a href=\"https:\/\/www.tickertape.in\/blog\/spac\/\">SPACs<\/a>. According to the statement, the Byju Raveendran-led business has conducted discussions with many possible SPAC partners and has made headway with Michael Klein\u2019s Churchill Capital.<\/p>\n\n\n\n<p>In February, Churchill Capital VII raised more than $ 1.3 bn. and is listed on the New York Stock Exchange (NYSE).<\/p>\n\n\n\n<p>According to the source, under the preliminary parameters negotiated, Byju\u2019s would raise up to $ 4 bn. and seek a valuation of around $ 48 bn. According to market research company CB Insights, it was valued at $ 21 bn. While <a href=\"https:\/\/www.tickertape.in\/blog\/securities-and-exchange-board-of-india-functions-powers-and-regulations-of-sebi\/?utm_source=blog&amp;utm_medium=article\">Securities and Exchange Board of India<\/a> (<a href=\"https:\/\/www.tickertape.in\/blog\/securities-and-exchange-board-of-india-functions-powers-and-regulations-of-sebi\/\">SEBI<\/a>) is thought to be developing a framework for SPAC, its popularity has grown in developed economies such as the US in recent years.<\/p>\n\n\n\n<p>Many Indian start-ups are reportedly interested in pursuing this path, notably after ReNew Power paved the way in August.<\/p>\n\n\n\n<p>A SPAC, sometimes known as a \u2018blank-cheque business,\u2019 is essentially a shell company that generates money through an initial public offering (<a href=\"https:\/\/www.tickertape.in\/blog\/ipo-investment\/\">IPO<\/a>) and then merges or purchases an unlisted corporation within 2 yrs. SPACs are typically formed by private <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> funds or financial institutions with expertise in a specific industry or business sector.<\/p>\n\n\n\n<p>According to the source, while an announcement from Byju\u2019s might come as early as January, the discussions are not yet final, and the Indian start-up may even explore a local <a href=\"https:\/\/www.tickertape.in\/blog\/sebi-gives-green-signal-to-ipos-of-six-companies\/?utm_source=blog&amp;utm_medium=article\">IPO<\/a> in 2022.<\/p>\n\n\n\n<p>General Atlantic, Sequoia Capital, the Chan-Zuckerberg Initiative, Naspers, Silver Lake, and Tiger Global are among the notable investors in Byju\u2019s.<\/p>\n\n\n\n<p>Byju\u2019s might potentially follow in the footsteps of <a href=\"https:\/\/www.tickertape.in\/stocks\/one-97-communications-PAY?&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Paytm<\/a>, <a href=\"https:\/\/www.tickertape.in\/stocks\/zomato-ZOM?&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Zomato<\/a>, and <a href=\"https:\/\/www.tickertape.in\/stocks\/fsn-e-commerce-ventures-NYK?&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Nykaa<\/a>, which have all taken advantage of the primary market excitement to be listed on the bourses. Byju\u2019s, founded in 2015, has undertaken several acquisitions to cement its market position.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Byju\u2019s, India\u2019s most valuable ed-tech start-up, may go public in the US through the SPAC route. Find more information in this article.<\/p>\n","protected":false},"author":54,"featured_media":5875,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[1093,208,742],"acf":[],"modified_by":"Ayushi Mishra","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/12\/14.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6098"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=6098"}],"version-history":[{"count":2,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6098\/revisions"}],"predecessor-version":[{"id":6106,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6098\/revisions\/6106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/5875"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=6098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=6098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=6098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}