India’s Mebigo Labs Appoints Bankers for $200 Million IPO
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Mebigo Labs Pvt., the operator of India’s audio platform Kuku FM, has hired banks for an initial public offering that could raise as much as $200 million, according to people familiar with the matter.The Mumbai-based company has appointed Kotak Mahindra Capital Co., Axis Bank Ltd. and the Indian unit of Morgan Stanley to manage the share sale, the people said, asking not to be identified because the information is private. Proceeds from the offering are expected to support an expansion of Mebigo’s content library and deepen its regional-language offerings, they said.