India's largest coaching institute Allen planning to launch IPO: Report

Allen Career, the largest educational (coaching) institute of India, is considering an IPO, Bloomberg reported. The firm, backed by American-British businessman James Murdoch and ex-Disney executive Uday Shankar, has been in discussions with investment banks about a possible listing and is expected to formally appoint advisers soon. Notably, Allen was last valued at nearly $1.2 billion in 2022.