Indian ecommerce platform Meesho rises 46.4% in trading debut

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Hot run of IPOs extends into final month of another potentially record-setting year

Meesho says funds raised through its initial public offering are to be used to bolster its tech and data capabilities, as well as in customer acquisition and marketing. © Reuters

SOUMYAJIT SAHA

MUMBAI — Shares of local e-commerce platform Meesho listed on India’s public bourses on Wednesday, opening 46.4% higher after raising over 54 billion rupees ($603 million) in an initial public offering (IPO) last week.