Meesho IPO: $603M Debut Tests India's Hot Tech Market

• Meesho, an Indian e-commerce platform, is set to debut in Mumbai after a $603 million IPO.
• The IPO was fully subscribed on its first day, selling shares at Rs 111 apiece and valuing the company at $5.6 billion.
• Meesho's debut will gauge investor appetite in India's booming IPO market, which is the world's fourth-biggest this year.
• The company connects small manufacturers with value-conscious consumers and plans to use IPO proceeds to expand into smaller towns.
• Despite reporting a loss of Rs 3,940 crore, investors are focusing on Meesho's growth potential.

Why It Matters: Meesho's debut will signal the health of India's tech IPO market.