Groww confidentially files for $700 million-$1 billion IPO

Stock broking firm Groww has filed draft papers with SEBI for an IPO of about $700 million to $1 billion through a confidential pre-filing route. The IPO is a combination of a fresh issue of equity shares and an offer for sale (OFS) component. Founded in 2016, Groww's investors include Peak XV, Tiger Global and Microsoft CEO Satya Nadella.