CEO explains why Zerodha hasn't gone for IPO, says 'IPO is beginning, not end'

Zerodha's CEO Nithin Kamath in a series of tweets explained why Zerodha hasn't gone for IPO yet when it can "potentially get ridiculous valuations". He tweeted, "We think IPO is the beginning & not the end. As soon as you have...conservative retail investors on your cap table...the obligations go up exponentially." He added, "Broking has hardly any predictability."