Nykaa IPO Date
Nykaa is a social networking site for business professionals. The owners filed to go public one month ago, on March 2021. Someone close to the company said the Nykaa IPO is expected to bring in $200 million.
That would bring the total value of the company up to $2 billion, say sources close to the company. Since Nykaa is a private company, however, none of these figures have been made public.
They do, however, have to make public some information when they file for an upcoming IPO. Some of these disclosures are that Nykaa isn’t actually profitable and doesn’t expect to be in 2011 either.
Nykaa IPO Size
Also revealed in the filing for the Nykaa IPO was that their revenues are from three sources: 1) businesses who pay to scan the registrants for potential employees, 2) advertising and 3) fees from premium LinkedIn accounts. The revenue from premium accounts has been shrinking (53% since 2007) and the revenue from businesses paying to look for job candidates has increased.
Also disclosed at the filing was that there are around 90 million registered Nykaa users. And that’s up from 55 million registered users the previous year. There are just under 1000 employees.
Nykaa is a social networking site for people to find former classmates, co-workers, and potential job candidates.
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