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Edtech startup Byju’s is currently in talks to raise between $400-$600 Mn through an Initial Public Offering (IPO) in 2022. The startup is aiming to file its initial IPO documents by the second quarter of 2022, Bloomberg reported citing two people aware of the matter. It could also close its pre-IPO fundraising in the coming weeks at a valuation of $21 Bn.
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Meanwhile, the company’s bankers including Morgan Stanley, Citigroup Inc. and JPMorgan Chase who are also involved in the current fundraising are discussing a valuation of $40 billion to $50 billion. The final decision will be taken after depending on the final results and investor demands, the report added.